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Zenger
Zenger
Business
Abigail Klein Leichman

Despite Funding Freefall, Israeli Firms Still See Capital

Israel Ben Horowitz Tel Aviv
Signs of the Likud party are displayed on the side of the building, where the party's staff offices are located, in Tel Aviv, Israel, on November 1, 2022. During October, Israeli startups reported more than $700 million in fundraising rounds. DANIEL ROLIDER/GETTY IMAGES 

In the grip of an economic downturn, Israel’s high-tech sector continues to experience falling valuations and investments, as well as unprecedented staff cuts. 

The most recent layoffs were reported at EquityBee, Vee,  Cybereason, Fundbox and Snyk, which only last September raised more than $600 million). 

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