Israeli startups smash funding records
Israeli startups have raised a record-breaking $10.5 billion in capital funding in the first six months of 2021, with significant investments pouring into sectors like cybersecurity, fintech, and enterprise. Lior Handelsman, General Partner at Grove Ventures, one of Israel’s most prominent venture capital firms, acknowledges the “red hot” market with large sums of money flowing into early and late-stage companies. However, Handelsman advises startups to manage their cash cleverly and strike a balance between pushing forward and ensuring financial stability. The funding growth reflects investors’ increasing trust in the Israeli innovation ecosystem, although there are concerns that excessive funding may lead some startups to grow too fast and skip crucial steps in building a stable company.
>> Click here to read the full article originally published in NoCamels: https://nocamels.com/2021/06/israeli-startups-funding-records-10-5b/