The round-by-round database: every named $100M+ Israeli tech financing in H1 2026, the sector breakdown, and the 11 major European VCs with zero deals on Israeli cap tables since 2023.
OLAM RESEARCH · THE VENTURE DATABASE
Originally published May 26, 2026. Updated October 4, 2026.
Israeli tech raised $7.6-8.6 billion across roughly 129 disclosed rounds in H1 2026, up 45-52% year-over-year, even as round count kept falling. Cybersecurity took 34% of the total. And 31 of the 36 largest seed rounds since 2023, 86%, closed with zero European VC participation. Below is the round-by-round, sector-by-sector, and investor-gap data.
Israeli tech funding has settled into a fewer-but-larger pattern now three years running: deal count keeps dropping while total dollars keep rising, concentrating into a shrinking set of companies getting much bigger checks.
Which Rounds Were the Largest in H1 2026?
Named individual rounds, per CTech's funding tracker.
| Company | Round | Sector | Valuation / detail |
|---|---|---|---|
| Vast Data | $1,000M | Data infrastructure | $30B valuation |
| Cyera | $600M (June, second of two 2026 rounds) | Cybersecurity (data security) | $12B valuation, up from roughly $3B 18 months earlier |
| Cyera | $400M (January) | Cybersecurity (data security) | First of two 2026 rounds |
| Kela | $200M | Defense-tech | – |
| Quantum Art | $140M (Series A extension) | Quantum computing | – |
| Airis Labs | $60M | Defense-tech | – |
How Concentrated Has Funding Gotten at the Top?
IVC's own top-decile comparison, Q4 2021 versus Q2 2026.
| Period | Total rounds (base) | Top-decile companies | Top-decile total | Average per company |
|---|---|---|---|---|
| Q4 2021 | ~220 | 22 | $5.0B | ~$225M |
| Q2 2026 | 87 | 9 | $2.57B | ~$285M |
Round count has averaged slightly more than 100 per quarter since 2023, down from about 140 per quarter in 2019-2020, per IVC. Globes separately reported Q2 2026 alone produced 97 rounds; Ynetnews reported a roughly 35% drop in round count even as dollar totals rose about 45%.
Which Sectors Took the Money?
H1 2026 capital by sector, per the IVC-LeumiTech report.
| Sector | H1 2026 total | Share of total |
|---|---|---|
| Cybersecurity | $2.57B | 34% |
| Defense-tech, space, and quantum (combined) | $846M | – |
The combined defense-tech, space, and quantum total for H1 2026 alone ($846M) nearly matches everything those three sectors raised across all of 2025 combined.
Which Major European VCs Have Zero Israeli Seed Deals Since 2023?
A CTech analysis of roughly 280 top Israeli companies and every seed round above $10M since 2023 found 31 of 36 largest seed rounds (86%) closed with zero European VC participation. These named funds, collectively managing more than $25B, do not appear on a single one of those cap tables.
| Fund | Appearances in dataset since 2023 |
|---|---|
| Atomico | 0 |
| Balderton | 0 |
| Northzone | 0 |
| EQT Ventures | 0 |
| Creandum | 0 |
| Lakestar | 0 |
| Earlybird | 0 |
| HV Capital | 0 |
| Cherry Ventures | 0 |
| Elaia | 0 |
| Sofina | 0 |
| Kinnevik | 0 |
| Index Ventures | More than one (the sole repeat European fund in the dataset) |
By comparison, roughly 62% of these companies have a US fund on their cap table and roughly 72% have an Israeli fund; only about 7% have any European independent VC at all.
How Were These Numbers Verified?
Quarterly totals and round counts are drawn from the IVC-Meitar Q1 and Q2 2026 Israeli Tech Reviews, VC Cafe's analysis of the same quarters, Globes' coverage of the IVC-LeumiTech H1 2026 report, and Ynetnews' coverage of the Poalim Tech/Dealigence H1 2026 report; where these sources disagree on a total, both figures are given as a range rather than one being chosen over the other. Individual round and valuation figures are drawn from CTech's funding round tracker. The European VC gap analysis is drawn directly from CTech's published study of seed rounds above $10M since 2023. This page will be updated if the Startup Nation Central Q1 2026 Ecosystem Report, once available, differs materially from the figures above.
What to Watch
- Whether the European VC gap closes. VC Cafe argues that with Israeli companies under operational stress and looking harder at international expansion, European funds are natural, if historically absent, partners.
- Whether round count stabilizes near the roughly 100-per-quarter level it has held since 2023, per IVC, or continues drifting down from the 2019-2020 baseline of roughly 140 per quarter.
- Whether defense-tech's H1 2026 surge holds through the second half, given it is running close to matching a full prior year's raise in six months.
Sources: IVC-Meitar Q1 2026 Israeli Tech Review; IVC-Meitar Q2 2026 Israeli Tech Review; VC Cafe; Globes / IVC-LeumiTech H1 2026; Ynetnews / Poalim Tech-Dealigence H1 2026; CTech funding round tracker; CTech, "The European VC gap in Israeli tech."
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
