Even the biggest optimists couldn’t predict the turnaround that the Israeli tech sector experienced over the past year. April of 2020 was a period of crippling uncertainty, with the entire county under lockdown, businesses closing down and mass waves of layoffs and furloughs, with a seemingly inescapable economic crisis arriving in the wake of the Covid-19 pandemic. But the local tech scene went on to see a 25% increase in capital raised with nearly $10 billion flowing into the sector by the end of 2020. Funding rounds of $100 million, $200 million, and even $300 million became par for the course and more than 20 new unicorns emerged, nearly doubling the previous count.
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