Tel Aviv

The latest data and trends in Tel Aviv's startups, venture capital, exits and innovation.

Raised in Q3 2026
$3.7B
VC funding · closed quarter
Raised in 2026 Q1-3
$9.8B
VC funding · year to date
Combined enterprise value
$589.6B
VC-backed Tel Aviv startups · founded 1990+
Unicorns
119
$1B+ valuation or exit

Annual venture capital

Funding into Tel Aviv startups has grown nearly tenfold over the past five years, reaching $9.2B in 2025. With $9.8B raised in the first 9 months of 2026, the full year is on track to land at $13.0B, a +41% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

How we count Tel Aviv startups

Tel Aviv's ecosystem is unusually global: many companies are founded in Tel Aviv but headquarter in the US or Europe to be close to customers and late-stage capital. Counting only HQ location would undercount the ecosystem, so every chart in this guide counts a company on a founded-OR-HQ basis.

Founded-or-HQ basis (every chart)

Annual and quarterly venture capital, the share-of-Israel chart, the most-active investors, combined enterprise value, unicorn and exit counts, the top-company lists, the startup funnel and notable rounds all count a company if it was founded in Tel Aviv OR is headquartered there. This is the truest picture of the Tel Aviv founder ecosystem.

Why it matters

The two bases differ materially: Tel Aviv startups on a founded-or-HQ basis raise well above the HQ-only figure in a typical year, because so much capital flows to Tel-Aviv-founded companies now headquartered abroad. Counting founded-or-HQ gives the fuller measure of the ecosystem's scale.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Tel Aviv startups funding raised in each of the last 21 complete quarters through Q3 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

Tel Aviv's share of Israeli venture capital

Tel Aviv's share of Israeli venture capital tracks how much of Israel's startup capital lands in this market. In 2016, Tel Aviv startups accounted for 85.2% of Israeli VC funding; by 2026 the share had reached 85.5%. The chart below splits each year's total Israeli VC funding into Tel Aviv on the bottom and the rest of the market on top.

Tel Aviv venture capital raised by stage

How capital deployed into Tel Aviv startups is split across round sizes. In the trailing four quarters, 67% of capital landed in scaleup ($100M+) rounds, 29% in breakout ($15–100M), and 4% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 2026.

Tel Aviv venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in Tel Aviv

The most active investors in Tel Aviv startups ranked by the number of disclosed VC rounds they've participated in. OurCrowd leads with 264 rounds, followed by Pitango Venture Capital at 200. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active Tel Aviv investors

#InvestorTypeTel Aviv roundsTel Aviv companiesHQ
1 Venture capital 264 113 Jerusalem, Israel
2 Venture capital 200 99 Herzliya, Israel
3 Venture capital 172 95 New York City, United States
4 Venture capital 171 77 Haifa, Israel
5 Venture capital 158 63 San Francisco, United States
6 Venture capital 129 66 Tel Aviv-Yafo, Israel
7 Venture capital 121 42 Menlo Park, United States
8 Venture capital 111 46 Boston, United States
9 Venture capital 108 48 Menlo Park, United States
10 Venture capital 105 47 Singapore, Singapore

See all investors in Dealroom

Source: Dealroom.co

Top companies

Two views of leadership in Tel Aviv startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1CyeraNew York City, United States$2.7B
  2. 2WizNew York City, United States$1.9B
  3. 3ironSourceTel Aviv-Yafo, Israel$1.3B
  4. 4AppsFlyerSan Francisco, United States$1.3B
  5. 5RapydLondon, United Kingdom$1.3B
  6. 6IslandDallas, United States$1.2B
  7. 7ArmisSan Francisco, United States$1.2B
  8. 8Next InsurancePalo Alto, United States$1.1B
  9. 9Cato NetworksTel Aviv-Yafo, Israel$1.1B
  10. 10FireblocksNew York City, United States$1.0B
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1Kela TechnologiesTel Aviv-Yafo, Israel97
  2. 2CyeraNew York City, United States97
  3. 3Cato NetworksTel Aviv-Yafo, Israel97
  4. 4ZyGTel Aviv-Yafo, Israel96
  5. 5ZafranNew York City, United States96
  6. 6IslandDallas, United States96
  7. 7GongSan Francisco, United States96
  8. 8WonderfulAmsterdam, Netherlands96
  9. 9VegaTel Aviv-Yafo, Israel96
  10. 10TorqTel Aviv-Yafo, Israel95
See all in Dealroom

Source: Dealroom.co

Notable rounds

In 2026 Q1-3 (year to date), the largest VC rounds in Tel Aviv startups reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest Tel Aviv rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jun 2026AppsFlyer$1.0BSERIES EAlphabet | Google, Meta
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Sep 2026Wonderful$550MSERIES CInsight Partners
Nov 2025Armis$435MLATE VCCapitalG, Goldman Sachs Asset Management
Jun 2026Drivenets$410MSERIES DAtreides Management, Bessemer Venture Partners
Sep 2026Island$400MLATE VCEvolution Equity Partners
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Jan 2026Cyera$400MSERIES FBlackstone
Sep 2026Upwind$300MLATE VCBessemer Venture Partners, TCV
Dec 2025Eon$300MSERIES DElad Gil
Jun 2026Dream Security$260MSERIES DBicycle Capital, Group 11
Jan 2026Upwind$250MSERIES BBessemer Venture Partners
May 2026Tomorrow.io$210MSERIES FHarbourVest Partners, Harel Group
Jun 2026Coralogix$200MSERIES FAdvent International, CPP Investments
May 2026Kela Technologies$200MSERIES CD1 Capital Partners, Stripes
See every round in Dealroom

Biggest Tel Aviv rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jun 2026AppsFlyer$1.0BSERIES EAlphabet | Google, Meta
Jun 2026Cyera$600MSERIES GEvolution Equity Partners
Sep 2026Wonderful$550MSERIES CInsight Partners
Jun 2026Drivenets$410MSERIES DAtreides Management, Bessemer Venture Partners
Sep 2026Island$400MLATE VCEvolution Equity Partners
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Jan 2026Cyera$400MSERIES FBlackstone
Sep 2026Upwind$300MLATE VCBessemer Venture Partners, TCV
Jun 2026Dream Security$260MSERIES DBicycle Capital, Group 11
Jan 2026Upwind$250MSERIES BBessemer Venture Partners
May 2026Tomorrow.io$210MSERIES FHarbourVest Partners, Harel Group
Jun 2026Coralogix$200MSERIES FAdvent International, CPP Investments
May 2026Kela Technologies$200MSERIES CD1 Capital Partners, Stripes
Sep 2026Hibob$166MLATE VCSalesforce
Apr 2026AIDoc$150MSERIES EGoldman Sachs
See every round in Dealroom

Biggest Tel Aviv rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026Wonderful$550MSERIES CInsight Partners
Sep 2026Island$400MLATE VCEvolution Equity Partners
Sep 2026Cyera$400MSERIES GGoldman Sachs Private Equity Holdings
Sep 2026Upwind$300MLATE VCBessemer Venture Partners, TCV
Sep 2026Hibob$166MLATE VCSalesforce
Aug 2026Alice$140MSERIES DApax Digital
Sep 2026Buildots$130MLATE VCO.G. Venture Partners
Aug 2026zenity$125MSERIES CNorwest Venture Partners
Sep 2026Exodigo$105MSERIES AGreenfield Partners, Zeev Ventures
Jul 2026Groundcover$100MSERIES COne Peak Partners
Jul 2026Neo$100MEARLY VCAndreessen Horowitz, Bessemer Venture Partners
Jul 2026Shortical$100MLATE VCPvX Partners
Sep 2026Pi-Cardia$80MLATE VCMedtronic
Jul 2026Enigma$71MSEEDIndex Ventures, Ribbit Capital
Aug 2026K Health$69MGROWTH EQUITY VC
See every round in Dealroom

Source: Dealroom.co · Updated 12 Oct 2026

Unicorns & exits

Tel Aviv startups have minted 119 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 6 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 92 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 34 in 2021. On exits, the sector has produced 572 tracked exits since 2019 representing $233.4B in disclosed value. Notable exits in the data include Wiz ($29.5B, 2026), followed by CyberArk ($21.1B, 2026), Playtika ($11.0B, 2021).

The Tel Aviv startup funnel

Entrepreneurship is a power law. Of every Tel Aviv startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed Tel Aviv startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

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… Pool of VC-Backed Startups
$100K+ total funding
Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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