Bloomberg

A flood of cash flows into Israel's red-hot tech industry

The big money has arrived for what could be the next generation of Israel's vaunted technology sector.

Skyscraper office buildings, including the Azrieli Sarona tower, right, stand beyond residential apartment buildings on the skyline in Tel Aviv, Israel, on July 22, 2020. Foto: Bloomberg photo by Corinna Kern.

International investors helped set off a bonanza last year, when Israeli startups raised about $26 billion -- more than double the previous high in 2020 and nearly a quarter as much as the funding that poured into Europe as a whole.

Upending the pecking order in local venture capital, U.S. funds made 266 early-stage investments, an increase of almost a fifth from the previous year, according to data from Start-Up Nation Central, a non-profit organization that tracks the industry in Israel...

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