Israeli tech exits in 2019 doubled to nearly $10 billion [Reuters]
MELLANOX TECHNOLOGIES (MLNX)
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Source: Reuters
Israeli tech exits in 2019 doubled to nearly $10 billion TEL AVIV (Reuters) - The total value of exits for Israeli technology startups in 2019 jumped by 102% to $9.9 billion, according to a report released on Tuesday by PricewaterhouseCoopers. The exits - acquisitions and initial public offerings - do not include follow-on transactions for companies that were previously acquired or already public such as chip designer Mellanox ( MLNX.O ), which is in the process of being bought by Nvidia ( NVDA.O ) for $6.9 billion. Including such deals would have boosted the total amount to $22.9 billion. IPOs, including that of online marketplace Fiverr ( FVRR.N ), accounted for $2.2 billion of the exits, up sharply from $888 million in 2018. The United States remains the largest investor in the Israeli market, accounting for 60% of the number of deals. Yaron Weizenbluth, high-tech partner at PwC Israel, said that in contrast to the start of the decade, Israeli entrepreneurs are more willing t
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