#Israel #Tel Aviv #Health Tech #Startup Nation Central #Israeli Innovation

Startup Nation Central Unveils Israeli Health Tech Top 100 of 2024

On January 23, 2025, Startup Nation Central, a nonprofit dedicated to advancing the Israeli innovation ecosystem globally, unveiled the Israeli Health Tech Top 100 of 2024 landscape map. This release highlights Israel's position as an innovator within the health technology sector, which is the largest tech sector in the country with over 1,600 companies.

The health tech industry in Israel is recognized for its pioneering advancements in digital health, medical devices, and biopharmaceuticals. The newly launched landscape map, curated from Startup Nation Central's Finder platform, showcases the startups that represented the most significant funding successes in the past year. These successful companies epitomize the vibrant and dynamic investment environment prevalent in the health tech sphere.

While private funding for health tech in 2024 reached approximately $1.2 billion, showing a modest drop from the $1.6 billion garnered in 2023, the sector continued to thrive, particularly in the digital health domain. Notably, digital health attracted around $545 million, followed by medical devices with $380 million, and pharmaceuticals/biotechnology receiving $262 million.

One remarkable trend noted in 2024 was a significant increase in the average funding amount per deal, which soared to $4.6 million across 102 rounds. This is over twice the $2.16 million median that was registered in 2023 from 150 rounds, indicating a clear shift towards larger and potentially more impactful investments in the health tech arena.

Furthermore, to provide a comprehensive insight into the evolving landscape, the map includes a special section dedicated to early-stage startups that have succeeded in securing substantial pre-seed and seed funding. Some noteworthy mentions include:

• - AISAP (Digital Health), which raised $13 million to enhance its AI-powered ultrasound platform for improving cardiac ultrasound examination efficiency.
• - DreaMed Diabetes (Medical Devices), which successfully acquired $3 million for its AI-driven endo.digital solution targeting personalized insulin treatments.
• - Promise Bio (Pharma/Biomedical), which secured $8.3 million to propel precision medicine initiatives through AI technology.

The map is also a spotlight for the leading investors of 2024, with Peregrine making 15 investments, eHealth Ventures participating in 8 startups, and Iron Nation standing out for its efforts in backing early-stage ventures addressing global health challenges. Noteworthy exit activities in 2024 comprised major players in the medical devices sector like Innovalve Bio Medical acquired by Edwards Lifesciences, and V-Wave by Johnson & Johnson.

For those looking to explore the landscape further, the full Israeli Health Tech Top 100 of 2024 map can be accessed through Startup Nation Central’s resources.

Startup Nation Central remains a pivotal hub for fostering innovation. The organization empowers global solution-seekers by connecting them to Israel's wealth of expertise and ingenuity through their platform called Finder, which offers unrestricted access to real-time insights within the Israeli tech ecosystem and paves the way for valuable business opportunities.

For more information, view the landscape map here.