Israeli Industry 4.0 Companies Raised Bigger Rounds in 2018, Report Says
The sector raised $365 million across 36 deals in 2018, according to a new report by Start-Up Nation Central
12:4918.07.19
Israeli Industry 4.0 startups have raised larger funding rounds in 2018 than in years prior, according to a new report published Thursday by Start-Up Nation Central (SNC), a Tel Aviv-based non-profit organization managing a database of Israeli tech companies. The sector grew from 146 companies in 2014 to 230 in 2018, the report said.
Tel Aviv. Photo: Bloomberg
While the amount of capital Israeli companies raised in 2018 grew substantially, the number of deals did not change drastically, according to the report. Industry 4.0 companies in Israel raised $365 million across 36 deals in 2018, compared to $225 million across 35 deals in 2017.
Over the past five years, Israel ranked third, after the U.S. and China, in venture capital investments in Industry 4.0 companies, the report said. Of the 36 deals in 2018, 67% have at least one Israeli investor compared to just 49% in 2017. 61% of 2018 investments were made by at least one foreign investor compared to 69% in 2017.
Tel Aviv. Photo: Bloomberg
