It’s no secret that Israeli startups shoot above their weight. But now, a new report published by Dealroom (created in partnership with Tel Aviv Tech) shows that Tel Aviv is the world’s #1 most productive tech ecosystem in the world.
A few staggering facts:
- Tel Aviv is responsible for 19% of all EMEA’s unicorns created since 2019, with less than 4% of the region’s funding.
- More Tel Aviv Seed-funded started reach unicorn status than any other hub in the world (4.8%) – more than the Bay Area (3.6%) or Boston (2.7%) in 2nd and third.
- Tel Aviv also creates more unicorns for every dollar of venture capital invested than anywhere else in the world.
- The city has produced 83 unicorns in the last five years, behind only the Bay Area and New York, and it leads London in EMEA.
- It ranks Ranks #3 globally and #2 per inhabitant by unicorns produced.
- Tel Aviv produces more unicorns for every seed funded startup and more unicorns for every $ amount of venture capital invested.
- By number of decacorns produced for every VC-backed startup, Tel Aviv ranks #3 globally.
Tel Aviv has a promising funnel of startups, breakouts and scaleups. The founder flywheel is in full effect in Tel Aviv. Tel Aviv unicorns have produced founders who together created 180+ VC backed companies:
The number of new startups spun out of unicorn startups is consistent with Accel’s founder factories report published in January 2024, which found that 45 Tel Aviv unicorn alumni created 181 new startup spinouts, with 78% founded in Tel Aviv:
Tel Aviv startups tend to go further with smaller amounts of capital. The ecosystem is arguably undercapitalised. With more funding, there would likely be more decacorns and centacorns.
Read the 42 page report here: https://dealroom.co/reports/tel-aviv-the-worlds-most-productive-startup-ecosystem
Related: why experts believe now is the best time to invest in Israeli startups
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
- Weekly #Firgun Newsletter – November 29 2024 - November 29, 2024
- Finding Alpha: Why the Best Startups Often Buck the Trends - November 25, 2024
- Weekly #FIRGUN Newsletter – November 22 2024 - November 22, 2024
