Startups
Israel Tech Investment Falls for Seventh Consecutive Quarter
- Data shows Israel investment lagging behind the US, Europe
- Israeli startups raise $1.7 billion in third quarter, down 40%
A tech entrepreneur in the Ramat Gan district of Tel Aviv, Israel.
Photographer: Rina CastelnuovoBloomberg
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Investment in Israeli tech startups declined for the seventh consecutive quarter, according to new data that also showed a sharper drop in funding than other global hubs.
Tech startups raised $1.7 billion in the third quarter, 10% down from the previous three months and 40% less than the year-earlier period, according to a report by the Israel-based Startup Nation Policy Institute. In the first nine months of 2023, tech investment in Israel was down 63% from a year earlier, compared with a 43% drop in the US and a 48% decline in Europe.