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Israeli startups raise $2.77 billion in September mega-rounds

Original: Israel’s startup funding hits $2.77 billion in September, driven by five mega-rounds

Israeli startups raised $2.77 billion in September, a figure driven largely by five mega-rounds, according to Calcalist. The total suggests a strong month for the country's tech funding despite a generally tougher climate for venture investment. The concentration in a handful of large deals highlights how a small number of major financings can dominate monthly totals.

Why now: The strong monthly total and concentration of large funding rounds is notable news for Israel's tech sector and investors watching the startup market.

IsraelCalcalist

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