June 29, 2017
Israeli startups have raised over $400 million in June, according to “Globes” records, nearly half of the total amount in the second quarter of 2017. With just over $1 billion raised by startups in the first quarter of 2017, according to both “Globes” records and IVC-Research, the country’s startups have raised nearly $2 billion since the start of the year. In 2016, Israeli startups raised a record $4.8 billion.
This past week has seen a flood of companies announcing that they have closed large financing rounds. Yesterday alone, image recognition company Trax announced that it had raised $64 million (including $32 million in equity sold by shareholders) while digital post-print company Highcon raised $20 million. Earlier this week, e-commerce fraud prevention company Riskified raised $33 million, neurological therapy company Mitoconix Bio raised $20 million and personalized nutrition company DayTwo raised $12 million from Johnson & Johnson.
Read More: http://www.globes.co.il/en/article-israeli-startups-raise-over-400m-in-june-1001194692