The Israeli unicorn startup landscape in 2021

This post was originally published on VC Cafe

Eze Vidra

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The global rise in venture capital didn’t skip Israel, which has been breaking new records the amount of venture capital raised by companies in 2021. In the first half of 2021, Israeli startups raised a staggering $12.2 billion a 125% increased compared to the equivalent period in 2020, the number of Unicorns, private companies valued at $1 billion or more has grown significantly, with several companies achieving “Decacorn” status — achieving valuations of $10 billion and up, including eToro, soon to complete a SPAC merger, and Rapyd payments.

According to CB Insights there are currently 832 unicorns globally, valued at a total of $2,702 billion. Generally speaking this breakdown applies to Israel as well, with a number of huge outcomes in fintech (Melio, Rapyd, eToro, Papaya Global, etc) and of course Cybersecurity.

What is less obvious is the growing number of Unicorns that grew in the consumer space in Israel and how diverse they are: consumer health, consumer insurance, media, music, gaming etc. Israel was historically known for semiconductors and cybersecurity but it’s now punching above its weight in consumer (B2C), gaming and commerce. As a fund that specialises in consumer tech, we at Remagine Ventures find it very encouraging and we believe we’ll see many more billion dollar companies built in Israel in the consumer space.

Global unicorn breakdown by category (Source: CB Insights)

For the updated Israeli unicorn landscape and analysis on how unicorns evolved in Israel since 2016, please visit the original post.

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Eze Vidra

Managing Partner at Remagine Ventures. Founder of Techbikers, Campus London and VC Cafe, proud Xoogler. On the boards of Chargifi, HourOne, Vault AI and EchoAR