Posted 10/1/2023, 12:25:00 PM
Israeli Tech Sector Hit Hard in 2023 - Investments and Deals Plunge While Unicorns Vanish
- 20% drop in Israeli hi-tech investments and 50% decrease in deals in Q3 2023 compared to Q2
- Judicial reform resolution urgently needed to stabilize the sector according to report
- Number of active VC funds and investment entities in Israel declined significantly
- Only 1 new Israeli unicorn emerged in 2023 versus 17 in 2022
- Investments increasingly concentrated in a few companies; excluding top 4, remaining investments only $1 billion