
Israeli startups raise mega rounds amid recession
Despite the economic downturn, several Israeli companies announced funding rounds of $100 million or more in August.

Despite the economic downturn, several Israeli companies announced funding rounds of $100 million or more in August.

Unprecedented total of at least $1.2 billion in January includes rounds for unicorns Rapyd, K Health, OwnBackup, Melio and DriveNets.

New IVC-ZAG report says this was the most successful first quarter in the past six years, driven by two mega-deals of more than $100 million each.

Drivenets nets $110m, Redis Labs raises $60m, PerimeterX nabs $43m, and both Rapyd Financial Networks and Gong.io raise $40m.