An analysis by Israeli nongovernmental organization Start-Up Nation Central (SNC) found that January 2021 saw investments of $ 1.44 billion in Israeli startups, a record amount raised within one month, surpassing the $ 1.2 billion raised in September 2020. SNC reported that six startups raised more than $ 100 million per round (mega tours) during the month, the most mega-rounds for a month, at 73% of the record total. These six mega-tours in January 2021 alone were nearly 30% of the 21 mega-tours in the whole of 2020 (21 total). The six big rounds were: Rapyd, a global payment network development company, raised $ 300 million, cloud-native software development company DriveNets raised $ 208 million, automatic cloud backup company OwnBackup raised $ 167.5 million, and telemedicine app K Health raised $ 132 million. E-commerce company Resident raised $ 130 million and B2B payments company Millio $ 110 million. Fintech was the dominant sector during the month of January with “two big rounds” raised and $ 413 million (29% of the January fundraising total). The first is the increasing maturity of the Israeli technology ecosystem, when fast-growing startups are able to collect much bigger rounds. The other is the impact of Covid-19 on it, ”said Meir Valman, Director of Research at SNC. Israeli companies, which have quickly transformed to meet the challenges of the pandemic, but will also remain relevant for a long time after their demise. ” Posted by Globes, Israel business news – en.globes.co.il – on February 11, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
SNC: Israeli startups raised $ 1.44 billion in January
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