Dealroom Deep Dive

Tel Aviv

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

Raised in Q1 2026
$2.1B
VC funding · closed quarter
Raised in 2025
$9.5B
VC funding · full year 2025
Combined enterprise value
$551.0B
VC-backed Tel Aviv startups · founded 1990+
Unicorns
118
$1B+ valuation or exit

Annual venture capital

Funding into Tel Aviv startups has grown nearly tenfold over the past five years, reaching $9.5B in 2025. With $5.4B raised in the first 5 months of 2026, the full year is on track to land at $13.0B, a +37% 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 Q1 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 85.3% of Israeli VC funding; by 2026 the share had reached 87.6%. 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, 48% of capital landed in scaleup ($100M+) rounds, 45% in breakout ($15–100M), and 7% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q1 2022 → Q1 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 rounds they've participated in. OurCrowd leads with 264 rounds, followed by Pitango Venture Capital at 198. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Most active Tel Aviv investors

#InvestorTypeInvestmentsPortfolioHQ
1 Venture capital 264 281 Jerusalem, Israel
2 Venture capital 198 179 Herzliya, Israel
3 Venture capital 166 806 New York City, United States
4 Venture capital 155 846 San Francisco, United States
5 Venture capital 122 1,909 Menlo Park, United States
6 Venture capital 109 494 Boston, United States
7 Venture capital 106 948 Menlo Park, United States
8 Venture capital 101 239 Singapore, Singapore
9 Venture capital 86 278 San Francisco, United States
10 Venture capital 83 1,149 Palo Alto, United States

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$2.3B
  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. 6ArmisSan Francisco, United States$1.2B
  7. 7Next InsurancePalo Alto, United States$1.1B
  8. 8Cato NetworksTel Aviv-Yafo, Israel$1.1B
  9. 9FireblocksNew York City, United States$1.0B
  10. 10TraxBoston, United States$1.0B
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1CyeraNew York City, United States97
  2. 2Kela TechnologiesTel Aviv-Yafo, Israel97
  3. 3Cato NetworksTel Aviv-Yafo, Israel97
  4. 4ironSourceTel Aviv-Yafo, Israel96
  5. 5GongSan Francisco, United States96
  6. 6ZafranNew York City, United States96
  7. 7DataRailsNew York City, United States96
  8. 8NayaxHerzliya, Israel96
  9. 9IslandDallas, United States96
  10. 10TorqDenver, United States96
See all in Dealroom

Source: Dealroom.co

Notable rounds

Over the last 12 months (through Jun 2026), the largest VC rounds in Tel Aviv startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Biggest Tel Aviv rounds · Last 12 months to end of Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
May 2025Cyera$500MLATE VCGeorgian, Greenoaks Capital Partners
Nov 2025Armis$435MLATE VCGoldman Sachs Asset Management, CapitalG
Dec 2025Cyera$400MSERIES FBlackstone
Jun 2025Cato Networks$359MSERIES GION Crossover Partners, Vitruvian Partners
Dec 2025Eon$300MSERIES DElad Gil
May 2025AI21 Labs$300MSERIES DAlphabet | Google, Ahren Innovation Capital
Jan 2026Upwind$250MSERIES BBessemer Venture Partners
Feb 2026Tomorrow.io$175MGROWTH EQUITY VCHarbourVest Partners, Stonecourt Capital
Dec 2025Impulse Dynamics$158MLATE VCBraidwell, Sands Capital Management
Mar 2026Wonderful$150MSERIES BInsight Partners
Jan 2026Claroty$150MSERIES FGolub Growth
Jan 2026Torq$140MSERIES DMerlin Ventures
Mar 2026ScaleOps$130MSERIES CInsight Partners
Jun 2025Forsight Robotics$125MSERIES BEclipse Ventures
Dec 2025Vega$120MSERIES BAccel
See every round in Dealroom

Biggest Tel Aviv rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Mar 2025Rapyd$500MSERIES FXBO.com
May 2025Cyera$500MLATE VCGeorgian, Lightspeed Venture Partners
Nov 2025Armis$435MLATE VCGoldman Sachs Asset Management, CapitalG
Dec 2025Cyera$400MSERIES FBlackstone
Jun 2025Cato Networks$359MSERIES GVitruvian Partners, ION Crossover Partners
Dec 2025Eon$300MSERIES DElad Gil
May 2025AI21 Labs$300MSERIES DComcast Ventures, Alphabet | Google
Mar 2025Island$250MSERIES ECoatue Management
Feb 2025Quantum Machines$170MSERIES CPSG
Dec 2025Impulse Dynamics$158MLATE VCBraidwell, Sands Capital Management
Jun 2025Forsight Robotics$125MSERIES BEclipse Ventures
Dec 2025Vega$120MSERIES BAccel
Mar 2025Cybereason$120MLATE VCSoftBank Vision Fund, SoftBank
Jun 2025Coralogix$115MSERIES ENewView Capital
Jul 2025AIDoc$110MLATE VCSquare Peg Capital, General Catalyst
See every round in Dealroom

Biggest Tel Aviv rounds · Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jan 2026Upwind$250MSERIES BBessemer Venture Partners
Feb 2026Tomorrow.io$175MGROWTH EQUITY VCHarbourVest Partners, Stonecourt Capital
Mar 2026Wonderful$150MSERIES BInsight Partners
Jan 2026Claroty$150MSERIES FGolub Growth
Jan 2026Torq$140MSERIES DMerlin Ventures
Mar 2026ScaleOps$130MSERIES CInsight Partners
Mar 2026NoTraffic$90MSERIES CPSG
Mar 2026Qodo$70MSERIES BQumra Capital
Jan 2026DataRails$70MSERIES COne Peak Partners
Mar 2026Jazz$61MEARLY VCGlilot Capital Partners, Team8
Feb 2026Gambit Security$61MEARLY VCCyberstarts, Kleiner Perkins
Feb 2026Zafran$60MSERIES CSequoia, Menlo Ventures
Mar 2026ZyG$58MSEEDBessemer Venture Partners, Lightspeed Venture Partners
Mar 2026Linx Security$50MSERIES BInsight Partners
Feb 2026Nimbleway$47MSERIES BNorwest Venture Partners
See every round in Dealroom

Source: Dealroom.co · Updated 26 Jun 2026

Unicorns & exits

Tel Aviv startups have minted 118 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 90 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 777 tracked acquisitions since 2010 representing $179.6B in disclosed value. Notable acquisitions in the data include Wiz ($32.0B, 2025), followed by CyberArk ($25.0B, 2025), CA Technologies ($19.0B, 2019).

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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