DRY WELL

Recovery in tech investment leaves Israeli startups behind

Fundraising by Israeli companies at midyear drops to lowest since 2018 as industry reports show gap widening with U.S. in financing and stock prices

JACK GUEZ/AFP via Getty Images

Israeli startups promote their products at investor conference in Tel Aviv

By

Jonathan H. Ferziger

July 3, 2023

TEL AVIV, Israel – Israel’s tech industry is lagging behind the U.S. and Europe in attracting venture capital amid breakthroughs in artificial intelligence that are generating renewed investment in startups, according to three new reports.Companies in Israel raised $3.7...