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Walking the streets of Jerusalem, it is common to see the occasional herd of goats. In Tel Aviv, that might be a herd of unicorns — 45 in all.
A unicorn is a private company valued at a billion dollars or more in tech-talk. Tel Aviv adds 30 new unicorns by 2021
This was one of the striking facts in the Tel Aviv Tech Ecosystem Report, published this month to launch Tel Aviv Tech, a new initiative to deepen and strengthen the city’s tech sector.
Graphic courtesy of Tel Aviv Tech
Here are some key takeaways from the report:
• Tel Aviv is home to 2,812 technology companies and 135 multinational R&D centers. That’s 32 percent of all tech companies in Israel. Expanding to the greater Tel Aviv metropolis, 59% of the tech companies in Israel are located in Hebrew. on the market (The center).
• Those companies raised $20 billion by 2021. They had twenty initial public offerings in 2021, five times more than in 2020.
• In addition to IPOs, there were 91 exits among Tel Aviv tech companies in 2021.
• The number of unicorns has increased more than 14 times since 2020. Unicorns are highly represented in the fintech, cyber security and IoT fields. Tel Aviv’s 45 unicorns comprise more than half of the country’s total of 68.
• 49% of companies were startups, 43% were pre-scale (focused on early growth) and 8% were large-scale (focused on revenue, at least $10 million per year and double-digit growth).
• The measurement category has grown significantly with a 42% year-over-year increase. More importantly: Scalp companies now employ 77 percent of Tel Aviv’s tech workforce.
• Sixty-two Tel Aviv tech companies will be acquired by 2021 – including 26 by American companies and 16 by other Israeli companies.
• New verticals are emerging: 16 percent of Tel Aviv tech companies are in retail technology, 13 percent manufacture products for femtech and 20 percent are flying heavily in the drone space.
• Artificial intelligence was the leading core technology among companies, accounting for 29% of all companies. Machine learning, SaaS and big data followed with 14%, 10% and 8% respectively.
• 20 new international firms from 16 countries will open offices in Tel Aviv by 2021. There are a total of 443 R&D centers in Israel.
• The 2021 cap of $20 billion was a tenfold jump from 2017’s $2.4 billion. Scalp companies received 72% of the total capital for the year.
• Foreign capital has long played an important role; In the year By 2021, $15 billion from investors outside of Israel will be poured into Israeli startups – 78% of the total investment dollars.
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