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Zenger
Zenger
Business
Judith Segaloff

Why 2022 Was A Tough Year For Tech Firms Seeking Funding

Nasdaq Israel Inflation Interest Rates Ukraine
People make their way near the NASDAQ MarketSite at Times Square on January 13, 2023, in New York City. Nasdaq and the S&P 500 pared losses on Friday on the back of easing inflation expectations and results from some U.S. banks. LEONARDO MUNOZ/JNS

With the plummeting NASDAQ, rising inflation and interest rates, war in Ukraine and nervous investors, funding for Israeli technology startups is in the doldrums, decline by 43% in 2022 from the $27 billion 2021 bonanza year. Experts warn that as tech investment slows, the Israeli economy as a whole may suffer. 

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