Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israeli Tech Exits in 2019 Doubled to Nearly $10 billion
Error: Contact form not found.
by Reuters and Algemeiner Staff
A high-tech park in the northern Israeli city of Haifa. Photo: Zvi Roger / Wikimedia Commons.
The total value of exits for Israeli technology startups in 2019 jumped by 102 percent to $9.9 billion, according to a report released on Tuesday by PricewaterhouseCoopers.
The exits — acquisitions and initial public offerings — do not include follow-on transactions for companies that were previously acquired or already public such as chip designer Mellanox, which is in the process of being bought by Nvidia for $6.9 billion. Including such deals would have boosted the total amount to $22.9 billion.
IPOs, including that of online marketplace Fiverr , accounted for $2.2 billion of the exits, up sharply from $888 million in 2018.
The United States remains the largest investor in the Israeli market, accounting for 60% of the number of deals.
Yaron Weizenbluth, high-tech partner at PwC Israel, said that in contrast to the start of the decade, Israeli entrepreneurs are more willing to wait before selling their startups.
“As we enter a new decade, it does not feel like the boom is about to end,” he said. “On the other hand, we must not overlook the fact that the very high valuations of tech firms raise doubts. This is coupled by a trend whose impact is not fully known at this time of a worrying drop in funding raised by early-stage startups.”
