“There’s growing evidence today that Israeli companies are able to scale more quickly than tech companies founded by others, and the number of unicorns is proof of that,” Gideon Argov of New Era Capital Partners told CTech’s Yafit Ovadia during an interview at the Mind the Tech NY 2021 conference in Manhattan. “Approximately 10% of all unicorns are Israeli startups,” he continued.
Gideon Argov, Ran Simha, and Ziv Conen co-manage New Era Capital Partners, which invests only in Israeli businesses to help them scale more quickly. Unicorns are two of them. “They aren’t quite mature yet, but they have produced innovations that need to be scaled,” he noted, adding that they require the guidance of a strong and dependable fund to help them expand to U.S., European, and Asian markets.
Furthermore, Argov stated that there is a growing trend among these young businesses to adhere to ESG principles, which means that they comply with the rules for environmental, sociological, and governing norms in order to produce a better society. This translates to boosting diversity among team members, supporting climate-tech, and other initiatives,” he said.