Tel Aviv at sunset, Israel
According to the Tel Aviv Innovation Ecosystem, 2021 was a really great year for Tel Aviv businesses; even though, the world spent that year suffering through the worldwide Covid pandemic shutdowns. In 2021, a record-breaking $20 in capital was raised by Tel Aviv-based companies in 2021. In addition, Tel Aviv companies nearly doubled their global headcount, reaching 150,000 total employees.
Tel Aviv, Israel’s high-tech capital, said Tel Aviv Innovation Ecosystem, is one of the leading cities in the world for innovation and technology. Creative and experienced talent, innovative tech companies, venture capital funds and other investors; accelerators, multinational corporations, financial institutions; service providers and leading universities are all located in proximity, creating an ebullient and successful ecosystem. Amid current financial global volatility, Tel Aviv has proven once more that it is a leader and key player within the international tech scene. The city of Tel Aviv-Yafo, with the launch of Tel Aviv Tech, is investing unprecedented resources in a strategic initiative to deepen and strengthen the tech sector within the city.
Their research also found a 42% jump in the number of Scaleup companies in Tel Aviv – 135, including 20 new ones. Thy also said leading Multinational Corporations from 16 countries turn to Tel Aviv for innovation and expertise across 34 industry verticals. Cyber Security was the clear leader in 2021 exit value and number of deals by vertical. Andan unprecedented number of 20 companies held IPO’s, while acquisitions led exits in numbers and value.
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According to the Tel Aviv Innovation Ecosystem report, Tel Aviv hosts 32% (2,947 companies) of all the tech companies in Israel, and 135 multinational R&D centers. In the past five years, the capital raised by Tel Aviv tech companies grew tenfold.
Mayor of Tel Aviv-Yafo Ron Huldai said,”Tel Aviv-Yafo is actively committed to strengthening the local tech industry as an economic engine for all its residents. “Tel Aviv Tech”, a strategic taskforce of the municipality, is an initiative years in the making that works to this end. Through direct engagement with ecosystem players, partnerships, pilots, inclusive training programs and more, we are forging the relationship between the industry, the city and its residents, laying the groundwork for the shared prosperity of tomorrow. In this way, the city will continue to perform its role as a creative space and source of inspiration. In the past year, I have visited a variety of tech companies in Tel Aviv, from new startups developing groundbreaking technologies, to scale-up companies with products that are already widely used around the world. The creative spirit of the city and its entrepreneurs never stop innovating, imagining and developing. I believe that the ideas born here today will change the world tomorrow.”
