Raising $4.9 billion, Israeli startups had a record-breaking year in 2020, according to PitchBook. This was up from $3.9 billion in 2019 and 5 times what it was ten years ago. Previous records have continued to be shattered in the first quarter of 2021, with $2.11 billion raised by Israeli startups by the end of March, up almost 250% from the $870 million raised in the first quarter of 2020 and $1.03 billion raised in Q1 2019.

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