Israeli Tech Industry Raised Over $3B Since Start Of War – Report

Israel’s tech industry has raised an estimated $3.1 billion in investments since war broke out with Hamas in Gaza on October 7, according to a new report by Startup Nation Central, a non-profit dedicated to promoting Israel’s high-tech sector internationally. 

The report says that the $3.1 billion was raised in 220 private funding rounds after Israel declared war due to a massive Hamas terror attack that killed 1,200 people. 

According to the report, the average amount invested was $19 million, and the largest single investment of $265 million was secured by Next Insurance, which provides digital coverage for small businesses. 

The most funding overall was raised by the security technology sector, which brought in $1.1 billion in investment, while healthtech had the highest number of funding rounds at 47.  

The strong showing supports a recent joint report by the IVC Research Center and Bank Leumi, which found that the sector was displaying resilience in wartime, raising $1.6 billion during Q1 of this year alone. 

“Israel continues to attract investors looking for solutions to shared global challenges with high potential opportunities. With attractive valuations and significant growth potential, the Israeli tech ecosystem is showing characteristic resilience,” said Startup Nation Central CEO Avi Hasson. 

“I anticipate seeing a new wave of innovation – a ‘startup baby boom’ of tech companies – which will create even more dynamic opportunities for our sector after this war.”