Israeli Startups Struggle to Raise Money Amid Political Turmoil, Global Downturn
TEL AVIV—Israeli technology companies are struggling to raise funds, recent data shows, amid a combination of global economic trends and investor concerns over how a proposal to overhaul the country’s judiciary could affect the sector, one of the world’s most vibrant hubs for startups.
Israeli technology companies were hurt harder in the first quarter than other global tech hubs, data shows, suggesting the reasons behind the decline in fundraising go beyond macroeconomic conditions.
TEL AVIV—Israeli technology companies are struggling to raise funds, recent data shows, amid a combination of global economic trends and investor concerns over how a proposal to overhaul the country’s judiciary could affect the sector, one of the world’s most vibrant hubs for startups.
Israeli technology companies were hurt harder in the first quarter than other global tech hubs, data shows, suggesting the reasons behind the decline in fundraising go beyond macroeconomic conditions.
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