Good news! What a vibrant and bustling economy!
"... yesterday's IVC-Meitar report on fund raising by Israeli tech companies in the first nine months of 2021 was something that indicates a profound change in the country's startup eco-system. For the first time ever, money raised in initial public offerings (IPOs) on stock markets outstripped the amount raised in exits through acquisitions.
In the first nine months of 2021, Israeli tech companies raised $9.8 billion in IPOs (including SPAC mergers) compared with $7.6 billion in exits (acquisitions by larger tech companies). Over the same period Israeli startups raised a whopping $17.8 billion, which has already reached $19 billion during the first half of October, nearly double last year's $10 billion, which was itself a record. ..."
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