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Who are Israel’s most active VCs?

Israel’s venture ecosystem is booming, as startups raise record amounts of capital amid a rise in cross-border deals. Who are the country’s top investors since the start of 2014?

The skyline in Tel Aviv (RudyBalasko/iStock/Getty Images Plus)

Israel’s startup ecosystem is booming, with a record amount of venture capital funding coming through the country’s gates. Companies hailing from the region have seen a steady increase in capital invested in recent years, culminating in an eye-watering €2.4 billion across 310 deals in 2018, per the PitchBook Platform.

This year got off to a similar start through 1H, as businesses have been making headlines with mammoth rounds. In May, one of Israel’s most valuable startups, Gett, raised a whopping $200 million worth of debt and equity, valuing the provider of a ridehailing app at $1.5 billion. Just a month later, LiDAR developer Innoviz Technologies closed its Series C on a total of $170 million.

The fact that so much capital is going toward Israeli businesses may not surprise. While the country is relatively small in size, it is fast becoming one of the most technologically influential hubs in the world, driven by a young, well-educated workforce and a favorable entrepreneurial environment.

What might raise a few eyebrows is the amount coming from non-Israeli VCs. Some 71% of the country’s rounds include foreign investors, compared with 44% for London-based deals and 24% for those in Silicon Valley, per data from High-Tech Connect Suisse. Israel’s proportion of foreign VC activity is in keeping with a growing global trend of cross-border investment. In fact, around 92% of venture deals last year had participation from foreign investors, according to data from PitchBook, an increase from 89.5% in 2017. The US is responsible for the majority of the deal count, with a total of 1,329 since 2014.

However, there are some Israeli venture capital firms that have been splashing cash on startups, both at home and abroad. Here are the 11 most active VCs from the country since 2014, excluding accelerators, with their deal counts in parentheses.

1. OurCrowd (147)
2. AltaIR Capital (115)
3. 83North (94)
4. Pitango Venture Capital (76)
T-5. Magma Venture Partners (67)
T-5. Viola Ventures (67)
7. iAngels (59)
8. Sequoia Israel (58)
9. Jerusalem Venture Partners (52)
10. Vertex Ventures Israel (44)
11. Pontifax Venture Capital (38)

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  • leah-hodgson-photo.jpg
    Written by Leah Hodgson
    Leah Hodgson is a London-based senior reporter for PitchBook covering venture capital across Europe and the Middle East. Leah graduated from the University of Surrey with a BA in international politics with French. She has previously been a radio reporter in France. She later turned to financial journalism, covering the wealth management industry. She joined PitchBook in 2018.
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