CALCALIST
Despite Covid-19 Crisis, Israeli Tech Registers Record Quarter
by Hagar Ravet
April 5, 2020

The coronavirus (Covid-19) crisis may have shaken the world’s economy to its core, but Israeli tech still managed to close a record-high quarter. Israeli tech companies raised a total of $2.74 billion across 139 deals during the first quarter of 2020, a record amount, according to a joint report released on Sunday by Tel Aviv-based research firm IVC Research Center and the Israel office of international law firm Zysman, Aharoni, Gayer & Co. (ZAG-S&W). The painful effects of the coronavirus are likely to be felt from the second quarter onward, but during the first quarter, Israeli tech companies raised 76% more funds than in the first quarter of 2019. READ MORE