Israeli Startups Raise $660 Million in Q3, the Most Since 2000

For Israel’s high-tech startups, it’s the dot-com days all over again. In the third quarter, they raised a total of $660 million, the largest quarterly figure since 2000

That was a 34% jump from the $493 million in Q2. In the first nine months of 2013, 474 companies raised $1.63 billion from investors, a 12% jump from the comparable period in 2012

These findings from The IVC Research Center come after Facebook purchased the Israel-based Onavo for a reported $120 million earlier this week

Google‘s purchase of Waze, another Israeli startup, for more than $1 billion was also seen as a watershed moment for the Israeli tech scene. However, not everyone is convinced that it’s a time for high fives — most notably, Sarah Lacy of Pando Daily, who argued that Israel’s tech scene hasn’t lived up to its promise Read more…

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