Regular readers of VC Cafe are well aware of my passion for startup landscapes. This year is no different, and I’m excited to see what 2024 brings. Without a doubt, the only thing that is constant in the startup ecosystem is change!
This post will be updated regularly throughout the year with the new startup landscape maps. You can find the previous editions from Q3-Q4 2022, Q1-Q2 2022, July 2021, July 2020 and May 2019 as well as the 2023 annual landscape collection.
The 2024 Israeli startup funding ecosystem
Cardumen Capital have updated their landscape of Israeli startup capital – including the angels, both local and foreign venture investors active in Israel as well as CVCs, accelerators etc. Proud to have Remagine Ventures on the map ;-)
Israeli Space Tech
There are 105 startups are operating in Israel in the field of space applications as of February 2024. These startups have raised a total of $314 million in 2023, with many focusing on dual application technologies that solve challenges in the space market, but can also be utilised on Earth. The Israeli space startup landscape was created by The Earth & Beyond Ventures VC fund and Deloitte Israel and published in Calcaslist.
The Israeli Crypto and Web3 startup landscape
With the price of Bitcoin inching close to $70,000 and multiple ETFs launched, crypto investing in thawing again after the ‘second crypto’ winter.
Israeli crypto and Web3 fund Collider published its new landscape today, noting that Israeli crypto startups raised over $100 million since October 7th, and that the first Decacorn (i.e. startup that generated $100M in revenue) is emerging.
Overall, the map lists 145 startups that have raised a total of $3 billion in funding across 16 categories- from infrastructure and security to DeFi and Compliance.
Contextual Fintech Landscape
Noam Inbar, partner at Viola Fintech introduced the “Contextual Fintech” landscape – and charted over 120 existing players in this domain including many Israeli startups.
There are some great examples of embedded finance, in which integrating a new product that introduces fresh functionality within an existing product while staying within the same framework or domain. But the holy grail to creating the ultimate experience is in the intersection of embedded, personalized, and on-time. Or, in a word – contextual.
Mapping the contextual fintech evolution, Calcalist
The Israeli Generative AI startup landscape
We (Remagine Ventures) published our 3rd version of the Israeli Generative AI startup landscape in Calcalist. Since we last mapped Israel’s generative AI landscape in September 2023 with 144 startups, the number of local companies in this space has nearly doubled. Our updated landscape now covers 27 categories, a significant expansion from 17 previously, featuring a total of 238 companies. As of April 2024, Israeli generative AI startups collectively raised $5.47 billion to date, with the largest round attributed to AI21 Labs, a $208M series C (out of a total $336M raised to date).
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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