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How Israeli companies are riding the Covid wave to Wall Street


How Israeli companies are riding the Covid wave to Wall Street
How Israeli companies are riding the Covid wave to Wall Street
It’s not in spite of Covid that Israel has been able to succeed; it’s because of this challenging time that many companies reached this benchmark.
Photo by LoLo on Unsplash
This is a pivotal time for Israeli companies on Wall Street. A significant number are going public, and this has major ramifications for the trajectory of the whole ecosystem.
While much of the world’s economy is still continuing to struggle with Covid, Israel is on its way to becoming a country that is home to 100 unicorns –private companies valued at over $1 billion. ....

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US giant Blackstone sets up Israel office to fund fast-growth tech firms


Shoshanna Solomon is The Times of Israel s Startups and Business reporter
A sign for The Blackstone Group L.P. investment firm in front of its offices, October 15, 2018, in New York. (AP Photo/Mark Lennihan)
Blackstone, a New York City-based investment giant that manages $649 billion in assets, is setting up an office in Tel Aviv to tap into the nation’s growing tech firms.
The office will be run by Yifat Oron, the former CEO of LeumiTech, the tech banking arm of Bank Leumi Le-Israel. As senior managing director and head of Blackstone’s office, Oron will set up a team to vet companies for investment from the US firm’s recently raised, inaugural $4.5 billion growth equity fund Blackstone Growth (BXG). ....

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New York City Is Now Home to 21 Israeli-Founded Unicorns


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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. ....

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