(Photo By: Start-up Nation Central)
By: Viva Sarah Press - June 10, 2021
Israel’s innovation technology sector broke another capital funding record this week and has now topped $10.5 billion since the start of the year – the same amount raised in all of 2020, according to Start-Up Nation Finder. This is the second major report to highlight 2021’s sizzling cash flow for blue-and-white startups in recent weeks.
“The market is clearly ‘red hot’ with a lot of money flowing into early and late-stage companies, some of which with valuations that don’t always make sense. Companies that raise now should manage their cash in a clever way, balancing between the desire to ‘push forward’ and gain a competitive edge while keeping some for a rainy day,” Lior Handelsman, General Partner at Grove Ventures, tells NoCamels.
Funding seems to be pouring into local startups especially in cybersecurity, fintech, and enterprise sectors, with companies in these spaces hauling in $6.2 billion or 60 percent of all investments.
Read More: NoCamels