The hellish first half of 2020 is now behind us, but unfortunately, it seems that the COVID-19 pandemic didn’t get the memo that we’re done with the whole global crisis, and has decided to stick around a little longer. Nevertheless, it appears as if the high-tech and startup world is slowly climbing back to normal, particularly with Israeli startups, which have raised close to half a billion dollars over the past month. This impressive fact in face of the global pandemic comes as somewhat of a surprise all things considered, especially when we compare that enormous figure to last June’s $550 million in raised funds. Meanwhile, when comparing June 2020’s numbers to May 2020, where investments in Israeli high-tech companies reached $350 million, we notice a whopping 35% increase over the span of one month.
It is still important to point out that June’s funding rounds, while numerous, were still quite humble, as Pagaya led the way with the only mega-investment, raising $102 million, which constitutes a fifth of the total capital invested in the Israeli high-tech arena.
When scaling out the overview, we notice an interesting and somewhat shocking difference…
