A view of the Tel Aviv skyline. Photo: LaMèreVeille via Wikimedia Commons.

JNS.org – Israeli startups raised a record $6.1 billion in 2018.

This figure was calculated with $400 million fundraised in December, plus the $4.5 billion raised in the first nine months of 2018, according to a joint report from the IVC Research Center and the law firm Zag-S&W.

This is in addition to an estimated $1.2 billion raised in October and November.

The total figure beats last year’s record of $5.24 billion.

Israel is known as a “Startup Nation,” having the third-most companies on the Nasdaq.