September 29, 2017
Israeli startups have raised nearly $600 million during September, according to press releases issued by companies that have completed financing rounds. The figure may be more as some companies prefer not to publicize the investments they have received.
The high figure for September, well above the monthly average of $300-$400 million, was due to a whopping $250 million financing round closed by ridesharing company Via, which was led by Daimler. Innoviz, another auto-tech startup, which develops laser sensors, raised $65 million including investments from Tier 1 car suppliers Delphi and Magna. Also in the automotive sector, StoreDot, which is developing a quick-charging car battery, raised $60 million, also with an investment from Daimler.
Israeli startups raised nearly $1.2 billion in the third quarter, again according to press releases about completed financing rounds. According to IVC-Research Israeli startups raised $1 billion in the first quarter and $1.3 billion in the second quarter, for a total of $3.5 billion so far this year. This leaves the startup sector slightly off the record pace of 2016 when the country’s startups raised $4.8 billion, according to IVC-Research.