SUMMER HEAT MEANS GOOD THINGS FOR VENTURE FUNDING

Crunchbase has officially uploaded its monthly investment map for July. Despite the common understanding that VC’s tend to vacation during the summer months, the Crunchbase map has proven otherwise. The map has managed to exhibit a total of $5.8 billion in venture fundings worldwide!

While U.S. companies are taking the funding lead with a whopping $3.1 billion dollars under their belts, Israel is taking advantage of what seems to be a global investment phenomenon.

Israeli companies in all fields are benefiting from the variety of investments being made. Atox Bio, a Ness Ziona based startup has thus far raised $23 Million in July. Not to mention, Zooz Mobile, a Ra’nana startup that collected $3 million in investments as well as Applitools ($2.5 M), Tip Ranks ($3 million), JFrog ($ 7M), and lastlyTel Aviv’s Hexadite with a grand sum of $550,000.

Now it’s time to wait and see what August has in store for Israeli companies seeking Venture Funding!

Author: abby

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