US/World News

Israeli startups raise record $6.1 billion in 2018

(JNS) 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.

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