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July 31, 2017 11:05 am

Israeli Start-Ups Raise $400 Million in June, $2.3 Billion Since January

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The logo of Israeli startup SimilarWeb, which raised $47 million last week. Photo: Facebook. – Israeli start-ups raised some $400 million in July after raising $2.3 billion in funding during the first half of 2017, Globes reported.

The $2.3 billion in capital raised during the first six months of 2017 puts Israeli start-ups on track to meet, and possibly exceed last year’s record startup fundraising of $4.8 billion.

Start-up financing began slowly in the month of July, but accelerated last week with six different companies amassing a total of $145 million in capital.

Digital market intelligence company SimilarWeb was the fundraising leader last week after closing a $47 million financing round.

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The other five tech start-ups with large financing rounds last month included data company Iguazio with $33 million, cyber security companies PerimeterX and Nyotron with $23 million and $21 million, digital farming company Prospera with $15 million and digital health company Somatix with $6 million.

Other Israeli companies that saw large financing rounds during the month of July include, cyber security company Deep instinct with $32 million, smartphone repair company Cellsavers with $20 million and sales platform which raised $20 million.

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