In the first quarter of 2024, Israeli startup companies completed a total of 105 rounds of capital raising, marking a 34% increase from the previous quarter. This is the first quarter since 2022 to see an increase in capital rounds. A total of $1.6 billion was raised during this time, which represents a 10% increase from the previous quarter but a 10% decrease from the first quarter of 2023.
The number of seed and first rounds of capital raising, which are for startups at the early stages of their journey, increased by 48% in the first quarter of 2024. Six companies were able to raise more than $100 million each during this period. The cybersecurity sector accounted for more than 40% of all funds raised during this time.
Preliminary data from economics firm IVC indicates that Israeli startup companies are experiencing positive growth in terms of capital raising in the first quarter of 2024. Despite fluctuations in funding amounts, there was a significant increase in the number of capital rounds completed, indicating a strong start to the year in terms of investment and growth.
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