2nd Q: Start-ups in Israel raised $ 2.5 billion in 170 deals - up 33%

Corona has not yet reached the startups in Israel, according to the IVC ZAG report. Start-ups in Israel raised $ 2.5 billion in 170 deals: up 33% compared to the number of transactions in the second quarter of 2019. During the first six months of the year, 312 rounds totaled $ 5.25 billion, a low of only 17% The total capital raised in 2018. During the second quarter of 2020, Israeli high-tech companies showed resilience and even ignored the dire health and economic crisis affecting the world and set a new record for fundraising. Most investors are concerned about the coming quarters.
Capital raised in venture-backed transactions in the second quarter of 2020 reached $ 1.96 billion - 79% of total raised capital. The number of venture-backed transactions reached 96, accounting for 57% of all transactions in the quarter, similar to the quarterly average in previous years. The effect of the Corona crisis led to a significant drop in these deals during March - only 17 VC-backed transactions were registered this month, but a higher number of rounds in the second quarter made up for that.
In the second quarter of 2020, the number of early recruitment phases (Seed + A) stood at 90, in line with the average over the past few years, a 36% increase over the first quarter. Late-stage borrowing (D and later rounds) continued to raise capital with 62 deals in the first half of the year, totaling $ 2.43 billion