Israel is fighting wars on two fronts, tens of thousands citizens are displaced, and businesses are hurting because employees have been killed, injured or serving in the military reserves.

And yet the IVC Research Center & LeumiTech “Israeli Tech Review Q2/2024” reveals that in the first half of 2024, the total amounts and number of deals grew for the first time since H2/2021.

In H1/2024, Israeli and “Israel-related” (not incorporated in Israel but with senior Israeli management and founders) tech companies raised $4.78 billion in 226 deals.

The report notes that the growth wasn’t just a result of Wiz’s $965 million round in May. Even without this megadeal, the total capital raised in H1/2024 was 19 percent higher than in H2/2023, with 3% growth in year-over-year figures.

Read more here!