Israel Tech Deals Drop to 10-Year Low, PwC Says
- 45 deals valued at $7.5 billion were recorded in 2023
- Nearly half of the deals involve cybersecurity startups
A protest, by tech workers against proposed judicial reforms, in Tel Aviv, Israel, on March 9. Funding for Israeli startups dropped considerably in 2023, amid global economic uncertainty and months of protests against the government’s plans to weaken the judiciary.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
Israeli tech deals and public offerings dropped to a 10-year low in 2023 after the war, months of protests and a global downturn battered the local industry.
There were 45 deals valued at $7.5 billion for Israeli tech companies this year, compared to $16.9 billion the previous year, according to a report by PricewaterhouseCoopers LLP. That was lowest total deal value since 2018.