Thu, 06 May 2021

JERUSALEM, April 12 (Xinhua) -- Israeli hi-tech companies raised about 5.37 billion U.S. dollars in funds in the first quarter of 2021, setting an all-time record, the Israeli IVC Research Center reported Monday.

This is more than doubling, or an increase of 102.6 percent, compared with 2.65 billion dollars recorded in the first quarter of 2020, and an increase of 89.3 percent from the fourth quarter of last year.

The new record was set in 172 deals, 20 of them exceeding 100 million dollars each, which are 55 percent of the total amount raised in the first quarter, according to the Israel Tech Review, written by IVC and Meitar Law Offices firm.

Also in the first quarter, mergers and acquisitions accounted for 2.07 billion dollars in 33 transactions.

"The robust first quarter, after COVID-19 strongly impacted Israel in 2020, has been successful mostly for the growth stage, with veteran companies that have been accepted on global scale," said Marianna Shapira, research manager at IVC.

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