ISRAEL - High-Tech Raises $1.6 Billion in Third Quarter

Arno Froese

Israeli hi-tech companies raised $1.6 billion in 131 deals in the third quarter of 2018, according to a report published by IVC Research Center and law firm ZAG-S&W. 

During this period, the largest deal saw Israeli start-up Trax Image Recognition close a $125m. investment round led by Chinese private equity investment firm Boyu Capital.

A total of $4.5 billion of capital finance has been raised so far this year, equaling 82% of the total capital raised in 2017 but only 68% of the number of deals.

The most recent quarter saw venture capital financing account for 42% of total capital invested, reversing a slowdown in venture capital fund investments since the first quarter of 2017. “Despite the vacations in the third quarter, Israeli hi-tech was able to withstand this period,” said Shmulik Zysman, managing partner at ZAGS&W.

The report also noted the particularly high and increasing volume of capital raised from foreign investors, primarily due to Chinese investment and the growing interest of European venture capital funds in Israeli innovation.

-www.jpost.com, 1 November 2018

Arno's commentary

This is another success story of Israel’s high-tech industry. We note that Israel’s high-tech is global; communist China and socialist Europe are keenly interested in Israel’s products. We need to add that this is only the beginning; programs, systems, and platforms are being created en masse by Israel. 

According to the prophetic Word, there is much more to come. Psalm 2:8: “Ask of me, and I shall give thee the heathen for thine inheritance, and the uttermost parts of the earth for thy possession.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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