Israeli high-tech companies raised $ 1.55 billion in 128 transactions in the first quarter

In the first quarter of this year, Israeli high-tech companies raised $ 1.55 billion in 128 transactions, according to the fundraising report of the IVC Research Institute and the ZAG-S & W lawyers. The report points to the continuing upward trend in investments in Israeli high-tech, which was expressed mainly in large rounds in the late stages of start-ups. The AI ​​sector, which accounted for a large percentage of the capital invested in the quarter, was notable for the 28% increase in total money raised and a 15% increase in transactions compared to the previous quarter, which was a quarter with particularly high business activity In Hi-Tech, this is a 20% decrease in the amount raised and 24% in the number of transactions.
According to the report, the median transaction stood at $ 6 million in the quarter, a significant increase compared to the previous quarter, when the median transaction was $ 3.5 million, compared to $ 4.3 million in the corresponding quarter last year. The authors of the report attribute the rise in median transaction volume to five transactions in this quarter, which were higher than $ 50 million each. Two of them were over $ 100 million each: Innoviz, which raised $ 132 million, and DriveNets, which raised $ 110 million. The authors also note that the capital raised in these two transactions is equivalent to 16% of total capital raised in the first quarter.