IVC & LeumiTech: $2.72 billion raised in Q2/2025; 20% more than Q1Cybersecurity and Generative AI attracted 85% of the capital in 37 deals out of 90 funding rounds in Q2/2025.The high-tech banking arm of Leumi Bank, LeumiTech, and IVC Data & Insights, the leading data and research center for tech in Israel, provide preliminary figures from the IVC & LeumiTech Q2/2025 Tech Review. $2.72 billion raised in 90 funding rounds in Q2/2025 represent an increase of at least 20% compared to Q1/2025. IVC estimates that, including undisclosed or stealth rounds, approximately 190 deals took place during the quarter. Cybersecurity and Generative AI were the leading sectors, attracting 85% of the capital across 37 deals out of a total of 90 funding rounds in Q2. Venture capital investors prioritized existing portfolio companies over first investments. The significant tendency towards follow-on rounds means “declining fundraising for new companies, which requires all industry stakeholders to pay special attention and make efforts to preserve Israel's unique status as a Startup Nation”, said Maya Eisen-Tzafrir, CEO of LeumiTech.The strong focus of the Israeli tech industry on Cybersecurity and Generative AI – with 85% of the capital raised in Q2 flowed into these companies – mirrors a similar trend in the U.S. market. “The data highlights the growing dependence of the tech capital market on these sectors, at the expense of broader investment diversification,” said Guy Holzman, Chairman of IVC. The full report will be published by mid-July.