Israeli startups based in New York raised a whopping $1 billion in the 12 months through February, according to a Bloomberg Business report. The news wire quoted figures from IsraeliMappedinNY, a website that connects Israeli entrepreneurs and tracks new ventures.
According to the report, 35 companies raised a total of $1 billion during the period.
WeWork Companies, the startup that rents out office space to entrepreneurs, raised the most — $505 million in two funding rounds. The second highest earner was Taboola content-recommendation company, which raised $117 million in February.
According to data by the IsraeliMappedinNY site, the majority of the money came from venture capital firms.
IsraeliMappedinNY lists more than 235 Israeli startups based in New York City.