TLDR:
- Israeli VC fundraising hits a 10-year low after a 73% plunge in 2023.
- Frontline Ventures raises $200M targeting B2B startups straddling the Atlantic.
In the latest issue of Startup Monday, various trends and news from the global startup ecosystem are highlighted. Here are some key updates:
Israeli VC fundraising saw a significant decrease in 2023, with only 21 funds managing to secure an aggregate amount of $1.52 billion. However, Israeli VC fundraising seems to have rebounded since the start of 2024, with several funds raising almost $1 billion in total. Despite the fundraising slowdown, Israeli funds still hold a substantial amount of capital for investments.
Frontline Ventures has raised $200 million to target B2B startups straddling the Atlantic, believing that U.S. scale-ups have better odds of succeeding when expanding to Europe. The fund aims to support companies in scaling and expanding their operations effectively.
Other news includes German climate tech VC raising a record-breaking €300M first fund, Amsterdam-based OTB Ventures closing a new €170 million fund to fuel European deeptech innovation, AI startup Cohere seeking a $5 billion valuation in its latest fundraising, Manchester-based AccessPay closing a €22.1 million funding round, and billionaire Eduardo Saverin’s B Capital raising $750 million to fund late-stage startups.
Additionally, Saudi Arabia’s Public Investment Fund is in talks with venture capitalists to create a $40 billion AI investment fund, while Stockholm-based Cemvision raises €10 million to lead the net-zero cement game. Paris-based Greenly also bags €48 million Series B to become the global reference in carbon management.
These developments showcase the continued growth and innovation within the global startup ecosystem, with various funds, startups, and investors making significant investments and advancements in different sectors.
