Israeli Startups Raise More Than $1B In The First Quarter Of 2018
April 2, 2018 | Israeli startups raised about $330 million during March 2018 and over $1 billion in the first quarter of 2018, according to Globes. The Israeli daily’s calculations were based on companies’ announcements of completed funding rounds over the course of January-March. Israeli startups also raised an estimated $260 million in January 2018 and $500 million in February 2018, bringing the first quarter’s total to just below $1.1 billion. The number is up from the $1.03 billion in the first quarter of 2017, according to an IVC-ZAG Israeli High-Tech Capital Raising Survey. March’s number came from the $100 million raised by social trading company eToro, which made up almost one third of the entire figure. Other funding rounds in March include $30 million raised by cybersecurity company BioCatch, $30 million raised by AI medical diagnostics firm Medial EarlySign, and $29 million raised by fintech company Capitolis. Also, medical monitoring firm Continuse Biometrics raised $20 million, and Luminate Security, an SaaS security platform raised $14 million. Some companies prefer not to publicize the investments they receive, therefore the figures for March 2018 and the first quarter of 2018 could actually be more than what is reported here.