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Israeli tech companies raise $5.6 billion in first quarter of 2022

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Fresh off an “extraordinary” funding year of a record over $25 billion in 2021 concurrent with a battering on Wall Street in recent months, Israeli companies raised close to $5.6 billion in the first three months (Q1) of 2022, according to a new report by the IVC Research Center and LeumiTech, Leumi Group’s banking arm for high-tech companies.

The $5.58 billion was raised over 212 deals in Q1 2022, and is on par with fundraising in Q1 2021, which amounted to $5.4 billion, but less than Q4 2021 which saw Israeli companies nab $8.1 billion in funding overall.

The 212 fundraising rounds overall in Q1 202 included 14 “mega deals” of over $100 million each, making up 44% of the total amount raised.

Not surprisingly, given the performance of Israeli tech shares on Wall Street in recent months, IPOs (initial public offerings) shrank significantly this past quarter to just seven. These were part of 39 tech exits (defined as merger and acquisition deals or IPOs of shares) totaling $8.96 billion and largely comprising Intel’s intended acquisition of Israel’s Tower Semiconductor by Intel for $5.4 billion. Intel is also set to buy Israeli........

© The Times of Israel

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