Israel Active

The UK-Israel Tech Hub has launched a Venture Capital “club,” - an invite-only forum of VC funds from the UK and Israel. Its aim is to raise the amount of investment from UK investors into Israeli startups. It will also identify opportunities for Israeli VCs in the UK ecosystem.

Jon Medved, CEO of Israel’s OurCrowd, explains that partnering with the Gulf countries “is allowing Israel to penetrate markets we've never dreamed of in Southeast Asia and around the broader Islamic world".

Ambassador Yoram Ettinger provides an excellent review of Israel’s economic performance compared to other world economies, during the pandemic.

On the 25th anniversary of EU-Israel business relations data shows that 912 Israeli startups in the EU and UK employ 24,223 local workers. More than a third work in information and software technology, plus others in internet, telecommunications, biomedical, and cleantech.

Blackstone Group is one of the world’s largest investment companies. Its recent decision to open an Israeli office has huge positive implications for Israeli startups. Israel’s former Ambassador to the United Nations, Dan Gillerman, will become chairman of Blackstone Israel.

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Israel’s Deel offers a global payroll solution to help 500 companies hire anyone, in over 150 countries, compliantly and in minutes. Its latest $156 million funding raised Deel’s market valuation to $1.25 billion, making it Israel’s 10th new financial Unicorn this year.

Israel’s ZenGo has developed a mobile wallet for retail investors to store and process cryptocurrencies, including Bitcoin. Its keyless wallet uses advanced cryptography and supports both Android and iOS smartphones. ZenGo processed transactions worth $100 million in the first 3 months of 2021.

Israeli-founded Cherre launched its real estate data management and analytics platform in New York in 2016. Due to a huge exodus of hi-tech developers from New York, Cherre is now opening an R&D center in Israel, using part of a recent $50 million investment to hire 20 Israeli developers.

Israel's tech industry currently numbers 334,000 employees, constituting nearly 10% of all Israeli employees. Although the number of computer science graduates has increased nearly 50% since 2019, there are still currently 13,000 vacant tech positions in Israel.