CAPITAL WOES

Israeli tech companies headed into another tough year

Don’t expect Gulf investors to pick up the slack for Israeli businesses burning through their cash, says Avi Hasson, CEO of Start-Up Nation Central

Amos Ben Gershom/GPO

Start-Up Nation Central CEO Avi Hasson (left) with Israeli President Isaac Herzog and UAE Ambassador to Israel Mohamed Al Khaja in UAE in February 2022

After a painful year for Israel’s startups, 2023 won’t bring much relief, and salvation is unlikely to come from Gulf investors, Israeli tech industry leader Avi Hasson said.Israeli technology companies attracted $15.5 billion in investment last year, down 43% ...