Venture funding set to double over 2020
Capital raising by privately held Israeli technology companies soared to a record $5.37 billion in the first quarter of 2021, 89% higher than in the previous quarter and double the amount raised in the first quarter of 2020. The surge was driven by 20 deals worth more than $100 million each, accounting for 55% of the total quarterly amount raised in 172 transactions. During the quarter, the median deal size doubled to $10.3 million and the average nearly doubled to $31.2 million, signaling that most of the capital flow went to relatively few capital-intensive deals.
First published in Prospective, quarterly perspectives on VC, technology and market trends published by OurCrowd. To join the Prospective mailing list, email email@example.com.