Global payroll co Deel raises $165m at $1 25b valuation globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
New York hosts 21 Israeli-founded unicorns… and counting
New York City now trails only Tel Aviv as the city with the most Israeli-founded unicorns in the world.
April 20, 2021, 8:36 am
Lemonade was an Israeli unicorn in New York City until it went public last July. Photo courtesy of USIBA
Following a recent flurry of investment activity, New York City is now home to 21 Israeli-founded unicorns – privately held companies valued at $1 billion or more – according to the United States – Israel Business Alliance (USIBA).
Each of these companies’ global or US headquarters is based in Manhattan, establishing New York as the city with the second most Israeli-founded unicorns in the world, behind Tel Aviv.
Share this article
Share this article
NEW YORK, April 19, 2021 /PRNewswire/ Following a flurry of investment activity in recent months, New York is now home to 21 Israeli-founded unicorns – privately held companies valued at $1 billion or more – according to the
United States – Israel Business Alliance. Each of these companies global or U.S. headquarters is based in Manhattan, establishing New York as the city with the second most Israeli-founded unicorns in the world, behind Tel Aviv. The numbers we re seeing in New York are unprecedented, USIBA president Aaron Kaplowitz said. Despite a year filled with challenges and uncertainty, New York remains a global hub for growth industries that Israeli entrepreneurs continue to disrupt.
New York City Is Now Home to 21 Israeli-Founded Unicorns prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Yotpo’s staff at work. (YouTube screenshot)
Over the past six months, 10 Israeli-founded companies based in New York have become unicorns: Axonius, BigID, Forter, Kaltura, K Health, Melio, Papaya Global, SimilarWeb, Talkspace, and Yotpo.
They joined Gett, Monday.com, OrCam, Outbrain, Payoneer, Riskified, Sisense, Taboola, The We Company, VAST Data, and Via, the statement said.
The coronavirus pandemic that hit the world last year at first “disoriented the investment community,” Kaplowitz said. “Once investors and growth-stage companies got their bearings, and some technologies gained more relevance from the pandemic, investment activity picked up in a big way especially in 2021.”
Since January, seven New York-based Israeli-founded companies crossed the $1 billion threshold. In January, Talkspace announced a $1.4 billion merger agreement with Hudson Executive Investment Corp., a special purpose acquisition company, that will take the online therapy provider public.