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Israeli firms raise record amount of capital in 2020 despite pandemic downturn

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Israeli companies raised a record amount of capital in 2020, significantly outpacing other countries, despite the economic downturn caused by the pandemic.

Israeli firms raised $9.5 billion in capital as of the beginning of the month, 24 percent more than the 2019 total of $7.7 billion, according to a report from the Israeli nonprofit Start-Up Nation Central.

Homegrown companies are set to raise over $10 billion in capital this year for the first time, the report said. Total investments in Israeli firms have more than tripled since 2014, when companies raised $2.6 billion.

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Most of the capital came from foreign investors. The leading categories were cybersecurity, with $2.5 billion raised, and........

© The Times of Israel

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