Tel Aviv Startup Ecosystem: destination for international VC
The Tel Aviv startup ecosystem has long been a favoured destination for international venture capital, and is a proven track record of producing top entrepreneurial talent. Our new report made in partnership with Tel Aviv Tech & Tel Aviv Global, takes a look at the state of Tel Aviv tech, and the key trends into 2023.
Access and download the full report along with a sneak peek at our accompanying Tech Trailblazers report.
Report - Tel Aviv Startup Ecosystem 2023
Tel Aviv is one of the fastest growing mature ecosystems globally.
Tel Aviv startups are now worth $393B, up 3.5x since 2018, growing faster than many of the top valued ecosystems worldwide such as Los Angeles and London. Tel Aviv ranks 2nd highest valued ecosystem in EMEA.
Tel Aviv ranks 3rd in EMEA for total VC funding raised in 2022.
Tel Aviv HQ’d startups raised $6.9B in 2022, close to 2x more than 2020, despite falling short of last year.
Security is the top-funded industry in 2022 ($1.7B), and Health one of the fastest-growing (+33%). Tel Aviv over-indexes in Security at 19.2% of total VC investment by sector, compared to a global average of 5.3%.
Tel Aviv is home to the most founder-nurturing unicorn startups in Europe alongside London.
Tel Aviv has produced the 5th highest number of unicorns worldwide. Local retention is also high, as 76% of 2nd generation companies were also founded in Tel Aviv.
A scaling innovation centre
Tel Aviv ranks 8th worldwide and 4th in EMEA in the Trailblazers list of scaling startup ecosystems in our latest Ecosystem Benchmarking. The tech ecosystem has high metrics in venture capital and creation of successful startups and scaleups. There is also an established local venture capital sector and capital markets to support life cycle from seed to IPO.
Compare how Tel Aviv ranks by downloading and accessing our full Trailblazers report here.