Israel tech scaleups report 2016

2016

ISRAEL

SCALEUPS REPORT

OMAR MOHOUT

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Foreword

Highlights 2016

Israel (Venture) Capital

Methodology

About the author

About Sirris

Data sources

Investors overview

Disclaimer

TABLE OF CONTENTS

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Israel has the well deserved name of startup nation. The question

however is can it also become a scaleup powerhouse. The purpose of

this report is exactly that subject: taking the pulse of the Israeli scaleup

ecosystem.

With this report we want to provide a comprehensive review of

investment in scaleups and high-growth technology companies in Israel.

Our aim is to provide data-driven guidance, insights and inspiration to

stakeholders in the Israeli scaleup ecosystem.

We hope you find the 2016 edition of the report informative.

Sincerely,

Omar Mohout

2016 ISRAEL SCALE UP REPORT FOREWORD

PARTNERS

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This report is part of a series of funding

reports that are published on a quarterly

basis. A yearly report will also summarize

quarterly findings. Other reports complement

the series, , focusing on geographical markets

and vertical industries such as the HealthTech

report, written in collaboration with dashplus

or the FinTech report in collaboration with

Eggsplore.

2016 ISRAEL SCALE UP REPORT ABOUT

This report is a snapshot in time, aimed at

analysing funding data, major trends within

the industry and the regions.

Only deals of at least $1M / € 750K are

considered for this report.

If you would like to provide your input for the

report, signal an omission of data, want to

receive a high resolution PDF version or have

any other feedback, we would love to hear it.

Just pop an email to [email protected]

ABOUT THIS REPORT

http://eepurl.com/b-bu2T

HIGHLIGHTS 2016

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• € 3.4B across 233 investments;

• Cybersecurity is the prime industry of Israel, raising more capital

than all European countries together;

• The Israeli scaleup ecosystem is B2B oriented;

• Scaleups are in average 3 years old when raising a series A;

• Data Analytics and Artificial Intelligence dominate the business

model and technology applied by scaleups;

• Israeli scaleups collectively raise € 282M in average per month;

• Tel Aviv counts for 51% of all deals;

• No Israeli company went IPO in 2016;

• Corporate Venture Capital is involved in 37% of all Ideals and 60%

of all capital raised.;

• The most active investor is 83North;

2016 ISRAEL SCALE UP REPORT HIGHLIGHTS

ISRAEL

VENTURE CAPITAL

2016 ISRAEL VENTURE CAPITAL

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€ 466

€ 448

€ 426

€ 241

€ 202

€ 189

€ 180

€ 140

€ 139

€ 132

Cybersecurity

Mobility

FinTech

IT services

Software development

Business Intelligence

MediaTech

HealthTech

AdTech

EdTech

2016 ISRAEL SCALE UP REPORT

The top 10 industries count for 76% ofthe total of € 3.4B capital raised.

Cybersecurity is the number 1industry for Israeli Scaleups. In factIsrael raised 164% more in thissegment than all 31 Europeancountries together.

Mobility is skewed by Gett (€ 360M)and Via (€ 88M) making FinTech thesecond most funded industry in thecountry.

AMOUNT RAISED PER INDUSTRY 2016*

*In millions

8

35

19

18

17

15

14

12

12

10

10

Cybersecurity

IT services


HealthTech

FinTech

AdTech

MediaTech

Telecom


eCommerce

The top 10 industries count for 70% ofall deals out of a total of 233investments.

Note that the top 3 industries are all ITrelated.

11 scaleups raised twice capital in thesame year (OurCrowd, Insert, Twiggle,Beamr, Lumus, BlueVine, Siemplify,Elastifile, Woo, Gett & Zerto)

DEALS PER INDUSTRY 2016


21%

79%

B2C B2B

24%

76%

B2C B2B

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B2B & B2C COMPARISON

NUMBEROF DEALS

AMOUNTRAISED

Contrary to Silicon Valley, where 2 outof 3 startups are consumer oriented,Israeli scaleups are predominantlyB2B. Even more so than Europeanscaleups, another B2B orientedecosystem.

All industries are B2B oriented withthe exception of eCommerce, EdTech,Gaming and Virtual Reality.


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1.915

1.592

1.517

1.478

997

706

663

628

504

444

Cybersecurity

FinTech

MediaTech

IT services

Mobility

AdTech



EdTech

HealthTech

The total number of employees iscaptured on the moment of fundraising and based on the press release,LinkedIn, or the company’s website.

Gett and open-source video platformKaltura have the highest number ofemployees.

Note that not all jobs are created inIsrael. Often R&D is in Israel but salesand marketing operations are based inthe US.

TOTAL NUMBER OF EMPLOYEES PER INDUSTRY 2016


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€ 127

€ 20

€ 85

€ 40 € 40

€ 235

€ 127

€ 34

€ 102

€ 175

€ 590

€ 239

€ 540

€ 310

€ 463

€ 188

€ 74

3 2 1 3 2 4 4 3 8 11 13 17 33 29 57

35 8

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

TOTAL AMOUNT RAISED AND NUMBER OF DEALS PER

FOUNDING YEAR*

*In millions


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45%

18%

16%

12%

3%

3%

1%

1%

1%

1%

A

B

Seed

C

E

D

Private Equity

Convertible Note

F

G

Given the threshold of € 750K/$ 1M,it’s not surprising that the majority ofdeals are series A.

DEAL TYPE 2016


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13%

12%

11%

9%

8%

8%

6%

4%

4%

3%

Data Analytics

Artificial Intelligence

Internet of Things

Marketplace

Hardware

SaaS

Video

App

API

Virtual Reality

Data Analytics and ArtificialIntelligence dominate the businessmodels and technology in the Israeliscaleups ecosystem.

2 scaleups (Revelator and Simplex)are using blockchain as technology.

TYPE OF BUSINESS MODELS/TECHNOLOGY 2016


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€ 403

€ 210

€ 147 € 143

€ 543

€ 399

€ 206

€ 257

€ 365

€ 200

€ 319

€ 197

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

CAPITAL RAISED 2016*

*In millions

Scaleups collectively raise € 282Min average per month.

The peak in May is due to theinvestment of € 265M in Gett byVolkswagen.


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22

1917

18

23

31

17

21

26

7

18

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Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

In average 19 deals are closed inIsrael every month.

October was a slow month due tothe fact that all major JewishHolidays fall in that month.

NUMBER OF DEALS 2016


1. Tel Aviv

2. Herzliya

3. Ramat Gan

4. Petah Tikva

5. Ra'anana

6. Jerusalem

7. Netanya

8. Kfar Saba

9. Hod Hasharon

10. Yokne'am Illit

1. Tel Aviv

2. Herzliya

3. Ramat Gan

4. Netanya

5. Ra'anana

6. Jerusalem

7. Petah Tikva

8. Kfar Saba

9. Hod Hasharon

10. Rehovot

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SCALEUP CITIES 2016

NUMBER OF DEALS AMOUNT RAISED

Tel Aviv counts for 51% of all Israelideals, Herziliya for 8% and RamatGan for 7%.

Tel Aviv is the dominant city for allindustries except for HealthTech(Ramat Gan), IT Services (Herzliya),semiconductors (Ramat Gan),Virtual Reality (Rehovot) and HRTech(Petah Tikva).


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TOP 5 BIGGEST DEALS*

€ 360M € 161M € 88M€ 91M € 85M#01 #02 #03 #04 #05

*In amount raised


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Only 1% of Israeli scaleups are spin-offs or spin-outs from universities.That’ surprising low, compared to8% in Europe.

However, there is a one institutethat is generating a high numberspin-offs: the army. A number ofscaleups have their roots in theIsrael Defense Forces such asVoyager Lab, Celeno, Logz.io,Singular, Siemplify and Dronomy.

Specifically Unit 8200 has a historywith founders of cyber securitycompanies, including Check Pointand Palo Alto Networks.

MOST ACTIVE SPIN OFF INSTITUTES 2016

1. Tel Aviv University

2. Ben-Gurion University


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14% of the Israeli scaleupsgraduated from an accelerationprogram.

Program alumni don’t necessaryraise more money, but they aremore than one year younger onaverage when they raise capital. Itmight well be that they can start toscale earlier or have better access toinvestors thanks to the programs.

Team8, RDSeed, RDC and JVP CyberLabs, accelerators specialized incybersecurity, will further cementthe strong position of the country inthe industry.

MOST ACTIVE ACCELERATORS 2016

1. Microsoft Accelerator (multiple countries)

2. 500 Startups (US)

3. UpWest Labs (US)

4. Samsung NEXT (Israel)

5. Nielsen Innovate (Israel)

6. Flex Lab IX (US)

7. Team8 (Israel)


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Corporate Venture Capital isinvolved in 37% of all Israeli dealsand an impressive 60% of all capitalraised.

The top deals are Gett (Volkswagen),Voyager Labs (Oracle) andHouseparty (Comcast).

The largest number of corporatesinvesting together in a single deal isdatacentre software companyStratoscale with Qualcomm, Intel,Cisco and SanDisk as investors.

MOST ACTIVE CORPORATE VENTURE CAPITAL 2016

1. Blumberg (US)

2. Cisco (US)

3. Intel (US)

4. Liberty Global (US)

5. Elron Electronic Industries (Israel)

6. Qualcomm (US)

7. Samsung (Korea)

8. Comcast (US)

9. Deutsche Telekom (Germany)

10. Kuang-Chi Science (China)


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The most active 2016 ventureinvestor is 83North (ex-Greylock IL).

Israeli scaleups raised capital frommore than 700 investors.

Other notable investors in theecosystem are Ehud Barak, Carlo deBenedetti, Marc Benioff and RomanAbramovich.

MOST ACTIVE INVESTORS 2016

1. 83North (Israel)

2. Bessemer Venture Partners (US)

3. Sequoia Capital (US)

4. Battery Ventures (US)

5. Carmel Ventures (Israel)

6. Shlomo Kramer (Israel)

7. Marker (US)

8. Innovation Endeavors (US)

9. Magma Venture Partners (Israel)

10. OurCrowd (Israel)

11. Lightspeed Venture Partners (US)


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This breakdown only coversinvestors that are based in Israel.

OurCrowd proved thatcrowdfunding can attracted growthcapital for scaleups. The platformhelped to raise €93M over 8 dealsincluding Greek AgriTech scaleupCentaur Analytics.

The platform itself attracted € 73Min growth capital in 2016 to scaleupthe business.

BREAKDOWN OF INVESTORS

Business Angels Network

11%CrowdFunding

5%

CVC5%

PE5%

VC 74%


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Surprisingly, no Israeli scaleup wentthe IPO route in 2016 (22 techcompanies went IPO in Europe).

Infinity AR even left the publicmarket and raised growth capitalfrom Alibaba.

Also media-for-equity plays no rolein Israel. Perhaps the strong B2Borientation of the ecosystem is thereason for the lack of activities inthat domain.

IPO 2016

MEDIA FOR EQUITY 2016


ISRAELI SCALEUPS WITH REMARKABLE BUSINESS MODELS OR

TECHNOLOGY

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• Gauzy: liquid crystal glass and laminated LC films for applications in

various industries;

• Indeni: identifies network issues before they become major events

by leveraging intelligence from a community of experts, machine

learning and automation;

• Beyond Verbal: extracts, decodes and measures human moods,

attitudes and decision-making profiles based on their voices;

• Zeekit: upload your own photo and virtually try on clothing while

shopping online;

• Sensibo: makes any appliance connected & smart instantly, turning

products into services;

• Reporty Homeland Security: enhances first response to emergency

events through real time video and audio;

• Tailor Brands: using machine learning to create unique, beautiful

logos and brand identities within minutes;

• prooV: bypass binding corporate regulations and complex IT

integrations preventing them from testing new technologies, by

providing an external, data-rich and secure testing environment.


SCALEUP

LANDSCAPE


Click on the above link to access the full dataset

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https://scaleups.sirris.be/

https://scaleups.sirris.be/

METHODOLOGY

2016 ISRAEL SCALE UP REPORT METHODOLOGY

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Companies includes web, app, mobile, digital productsand services, software, marketplace, connectedhardware, data-driven and HardTech companies.Companies that have their HQ or launched in Israel areconsidered. LifeScience and BioTech (except softwaresolutions targeting this industry), non digital CleanTech(such as solar panel producers etc), eCommerce (such asHallofresh, Zalando etc), research institutes andconsultancy companies are excluded.

We encourage you to review the methodology to betterunderstand the numbers presented in this report.


Scaleups, not startups, are generating added value,create jobs, expand international and create economicvalue for stakeholders and society. This group isattracting the lion share of (venture) capital, in somecountries of up to 90% of all capital. In other words, weuse the Pareto distribution rule to create an accurateview on the venturing landscape. Only deals of at least$1M / € 750K are considered.

We use a data-driven approach to track financing activityfor Israeli tech companies.

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Deals with a non-disclosed value or lacking value indication are not counted. If an amount is

described as a seven-figure number, the lowest possible value has been counted. Funding is

registered based on announcement date. All currencies (USD, GBP, CHF, SEK etc) are converted to

Euro using aonda.com. The number of employees is captured on the moment of fund raising and

based on the press release, LinkedIn, Xing, Viadeo or the company’s website.

The founding year and location is based on information in press releases, company website,

Crunchbase, LinkedIn or Xing. If deal information is being detected or corrected after closing the

month, quarter or year, it will be included in future reports. Funding of both private and public

companies are considered. Debt financing, IPOs, media for equity, crowdfunding, Initial Coin

Offering, private placements, post IPO equity, private equity, grants and convertible loans are

included.


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THE CATEGORIES ARE:

Accountancy, AdTech, Aerospace, AgriTech, Automotive, Business Intelligence, Business Services,

CivicTech, Consumer Services, Cybersecurity, Document Management, eCommerce, EdTech,

Entertainment, FinTech, FoodTech, Gaming, HealthTech, HRTech, IoT, IT services, LegalTech,

Manufacturing, MediaTech, MICE, Mining & Environmental services, Mobility, MusicTech,

PropTech, Retail, Security, Semiconductors, Software development, SportTech, Supply Chain,

Telecom, Travel, Utilities and Virtual Reality


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Omar Mohout is a former technology entrepreneur currently active as Growth Engineer at Sirris.

Mohout is a widely published technology author, C-level advisor to high growth startups as well as

Fortune 500 companies and Professor of Entrepreneurship at Antwerp Management School. He is

author of 'Pricing Strategies for Startups', ‘The Belgian startup landscape’, ‘Crowdfunding in

Belgium’ and the popular 'Startup Master Class series'. A contributing author to the ‘100 Days

Digital Marketing Plan’ and ‘The Future of Business’ books.

Mohout is a columnist; Co-chair of the Circle Of Growth, Organizer of the Growth Hacking

Meetup, Co-founder of the #BeTech Community and Member of the Board of Directors at

Startups.be, Teamleader and Aproplan. He is also a mentor at Founder Institute, IdeaLabs,

Startathlon, Virtuology Academy, Flanders DC, Nexxworks and Belgium Ambassador at World

Startup Report.

Mohout is a keynote speaker and panellist on technology, entrepreneurship and innovation topics

at leading conferences.

2016 ISRAEL SCALE UP REPORT ABOUT THE AUTHOR

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Sirris, the collective centre of the Belgian technology industry, helps companies with the

implementation of technological innovations, enabling them to strengthen their competitive

position over the long-term. Sirris helps you make the best technological choice and rapidly turn

your innovations into marketable products and services. The Sirris experts visit companies on site,

offer technological advice, launch innovation paths, and provide guidance to reach the

implementation phase. The aim is to find applicable solutions to the real challenges faced by

technology entrepreneurs and startups.

Sirris guides technology companies to a higher level of know-how and expertise in a wide range of

domains. The in-house experts provide a broad range of technological and go-to-market

knowledge. Where necessary, Sirris relies also on external knowledge partners, including

specialized companies, universities, knowledge centres, and research institutions.

For more information on how Sirris can help your company success, please visit www.sirris.be.

2016 ISRAEL SCALE UP REPORT ABOUT SIRRIS

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2016 ISRAEL SCALE UP REPORT SOURCES

SPECIAL THANKS

Serkan Ünsal, startups.watch for covering Turkey and Tech.eu for the most detailed coverage of Europe

WEBSITES & NEWSLETTERS

150sec, agfundernews.com, allbrain.org, alliancy.fr, alloweb.org, angellist, arcticstartup, avoltapartners, barcinno, beauhurst, breakit.se, businessinsider.com,

calaofinance.com, cbinsights, cityam.com, cmuportugal.org, coindesk, companisto.com, computable.nl, computable.be, datafox, datanews.be, dealroom, derbrutkasten,

deutsche-startups.de, digital.di.se, dn.no, dublinglobe.com, e52.nl, economyup.it, emeastartups.com, enterprise.cam.ac.uk, eu-startups, finanznachrichten.de, finsmes,

fora.ie, frenchweb.fr, funderbeam.com, geektime.com, gigaom.com, GIMV, globalcorporateventuring.com, noah conference, go4venture.com, goaleurope.com,

goodnewsfinland.com, gruenderszene.de, high-tech-gruenderfonds.de, ideaspace.cam.ac.uk, Index.co, itespresso.fr, ivca.ie, ivc-online.com, journaldunet.com, jvpvc.com,

labsoflatvia.com, lesechos.fr, lightwaveonline, linkis.com, loogic, maddyness.com, marketwatch, mattermark, myfrenchstartup.com, nocamels.com, nordurskautid.is,

oresundstartups.com, palico.com, Pando.com, parisandco.com, parkwalkadvisors.com, pehub, pitchbook, portugalstartups.com, prnewswire, regional-it.be,

rudebaguette.com, scotsman.com, seedrs.com, shifter.no, siliconcanals, siliconrepublic.com, spotfolio.com, sprout.nl, startablish.at, startupitalia.eu, startupjuncture,

startups.be, startups.co.uk, startups.watch, startupticker, swedishstartupspace.com, syncni.com, syndicateroom.com, tech.eu, techberlin.com, techcitynews,

techCrunch.com, techsite.io, theheureka.com, thetechportal.com, toftecompany.com, trendingtopics.at, trendsonline.dk, unquote, usine-digitale, vc-europe, wall-street.ro,

webcapitalriesgo.com, webrazzi, websummit, widoobiz

SOCIAL MEDIA

Abyssinia, amaigre, atizo, AudingaJa, AudingaJar, austrianstartup, Barcinno, BeTech_, blpoland, boostturku, bot_innovation, Brainport_regio, breakit_se,

BridgeBudapest, cdixon, chrysalisleap, chulu, ClujHub, CowboyGamedevBt, cphftw, csdeptucy, CyprusInno, davidcohen, Digital_Magics, dinaistwitting, DStartups,

dublin_startups, dziennik, El_Startupero, Emerce, EndeavorGr, ericries, etohum, festivaluprise, frontiersci, goodnewsfinland, growthfunders, gruenderszene,

health_xl, HelloPirates, hightechcampus, how_to_web, HUB13_Helsinki, hubvilnius, ICTSpring, ID_GC, ImpactHubBA, ImpactHubRO, impacthubzurich, ineshaeufler,

InkubatorStart, inkubatorypl, Innovaspain, InnovAthens, InternetWeekLJ, istanbulstartup, iTXFROM, joonathan, JouveSud, Kbinkubators, KBinkubators, keskkyla,

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2016 ISRAEL SCALE UP REPORT SOURCES

SOCIAL MEDIA (CONT.)

labsoflatvia, LAUNCHub, Leapfunder, LeumiTech, LisbonChallenge, LOFFICEbudapest, louishavri, LuceyFund, Lupacz, MadeinJLM, marketerslu, MassChallengeUK,

masteringrowth, metavallon, miniforetak, MMKlaszter, MusicHackFest, NCBR_pl, nestholma, NeulogyVC, NewTrendBG, NoCamels, NorthstarVent, OsloInnoEmbassy,

placeprint_mktg, ppmessengerpp, ProgramaMinerva, pt_startups, rp_teknoloji, Rubixlab, sama, saminnovatorene, sbcCopenhagen, SDigestCork, SeedstarsWorld,

sektorfuenf, SICampNorway, SiliconLux, siliconvikings, SkatteFUNN, Smart_Ireland, SmartCity4Italy, socialbakers, sprout_nl, STAkrog, StarCubeCZ, startitup_sk,

startup_italia, Startup_Kingdom, Startup_Podcast, StartUpBraga, startupbrett, StartupCampSK, startupestonia, startupgrind_LU, startupiceland, startupireland,

startupjobsite, STARTUPLISBOA, StartupRVK, StartupsBe, startupturkey, startupvcnews, startupyard, StartUscc, stefanlundell, STHLMTech, summitdesignatx,

swluxembourg, SwPrivateequity, Tech_Acad_Fin, tech_eu, TechBritannia, TechHubBuc, TechHubRiga, Technoport_, thecoulroom, thinkubator_dk, timwcap,

tyinternety, VC_watcher, venturelab_ch, version2dk, Vienna_CM, VirginStartUp, webcampzg, webrazzi, whiteboardmag, WHMeanor, ZIPZg, KairosSocietyHU,

SitraFund, ForumVirium, Tech_Acad_Fin, ReloadGreece, colabathens, bitspiration, NCBR_pl, blpoland, dziennik, CyberparkTGB, rp_teknoloji, sosyalmedyaco, IATurkije,

czechcrunch, PerpetuumZg, helgosson, StartupGrindSWE, ZuoraEMEA, nyteknik, CampusLondon, growthfunders, VirginStartUp, MassChallengeUK, CognicityCW, INiTS_at,

austrianstartup, IPNunes, SDigestCork, RyanAcademy, , LuceyFund, CrowdfundSpirit, kurtfinance, JouveSud, FuenteLatina, Silicon_wadi, BuildStuffLT, hightechcampus,

HollandFinTech, Leapfunder, IMPACT_acc, ProgramaMinerva, playinglean, , Teknisk, NorskVenture, StartupLabNo, rp_teknoloji, sosyalmedyaco, sbcIstanbul,

DLDConference, VC_watcher, startupradioDE, HTGF_, Lupacz, tyinternety, EconomyUp, SmartCity4Italy, Puglia_Startup, how_to_web, SeedstarsWorld, JeanneMazuret,

ParkwalkAdvisor

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2016 ISRAEL SCALE UP REPORT INVESTORS

INVESTORS

2B Angels, 31VENTURES, 500 Startups, 645 Ventures, 83North, ABB Technology Ventures, Accel, Access Industries, Actemium, Adam Singolda, Advanced Nutrients,

AfterDox, Agate-Mac Funds, Aleksandar Totic, Aleph, Aleph VC, Aleph Venture Capital, Alex Daly, Alex Pinchev, Alexander Rittweger, Alibaba, Alon Cohen, Alrai Capital,

Altair, AltaIR Capital, AME Cloud Ventures, American Express Ventures, Amichai Shulman, Amiti Ventures, Amplify Partners, Andreessen Horowitz, Andy Bechtolsheim, AOL,

Arbor Ventures, Array Ventures, Aspect Ventures, Atlas Venture, Atomic14 Ventures, ATOORO FUND, Autodesk, Avishai Avrahami, AXA Strategic Ventures, Axians, Baidu,

Bain Capital Ventures, Bank Hapoalim, Battery Ventures, BDS Capital, Ben Biron, Benhamou Global Ventures, Benslie International, Bessemer Venture Partners, Bessemer

Venture Partners , Bitmain, BlueRun Ventures, Blumberg Capital, Brian Shin, BRM Group, Broad Peak Master Fund, C4 Ventures, Canaan Partners, Canvas Ventures, Capital

Point, Carlo de Benedetti, Carmel Ventures, Catalyst CEL Fund, CE Ventures, Cedar Fund, Cerca Partners, Cervin Ventures, Charles River Ventures, CIRtech, Cisco, Cisco

Investments, Citi Ventures, CJV Capital, ClalTech, Comcast Ventures, CommerzVentures, Connecticut Innovations, Cornerstone Venture Partners, Crown Resorts, CRV,

Crystal-Optech, Cumberland Mining, Cyrus Angel Fund, Dan Gilbert, Data Collective, Dave Strohm, David Cao, David Windley, Dekel Golan, Delek Investments and Properties,

Deutsche Telekom, Deutsche Telekom Capital Partners, DFJ, DFJ Growth, Digital Currency Group, Digital Future, Digital Lenders Ventures, Disruptive Growth, Disruptive

Technologies, Dolby Family Ventures, Dragon Ventures, Dror Berman, e.ventures, Eddy Shalev, Edward Roberts, Ehud Barak, Eilon Tirosh, Elevator Fund, Elron Electronic

Industries, Emery Capital, Entre Capital, Entree Capital, Entrée Capital, Eoghan McCabe, Erez Kreiner, Eric Dobkin, Ervington Investments, Essilor, Exigent Capital, Explore.

Dream. Discover., Eyal Levy, Fang Fund, ff Venture Capital, FilesX, FirstTime Capital, FirstTime Ventures, FJ Labs, Flex, Flex Lab IX, Flint Capital, Floodgate Ventures, Foodlab

Capital, Foundation Capital, Foundry Group, FundersClub, G20 Ventures, Gaby Salem, GE Ventures, Gemini, Gemini Israel Ventures, General Catalyst, General Catalyst

Partners, Generali Group, Genesis Partners, Gigi Kaplan, Gigi Levy-Weiss, Gil Hirsch, Giora Kaplan, Giza Venture Capital, GlenRock, Glilot Capital Partners, Global Blue, Global

Brain Corporation, Global Founders Capital, Globespan Capital Partners, Go Capital, Goldman Sachs, Greenfield Cities Holdings, Gregg Weiss, Greylock Partners, Grove

Ventures, Guggenheim Baseball Management, Gur Shatz, Gur Shomron, Harmony Partners, Hawk Ventures, HDS Capital, Hearst Ventures, HeavyBit, Heritage Group,

Hewlett Packard Pathfinder, Hewlett Packard Ventures, HGL Capital, Hillsven Capital, Horizons Ventures, HTC, iAngels, ICV, IGP, Ilya Sukhar, Index Ventures, INE Ventures,

Infosys, Innovation Endeavors, Institutional Venture Partners, Intel Capital, Intermountain Healthcare, Interwest Partners, iVentures Asia, Jacobs Technion-Cornell Institute,

James Lindenbaum, Jamie McCourt, Janvest Capital Partners, Jerusalem Venture Partners, JK&B, Kaedan Capital, KDWC, Ken Goldman, Kevin Mahaffey, Khosla Ventures,

Kima Ventures, Kreos Capital, Kuang-Chi Science, L.D. Salmanson, Lane Bess, Launchpad Digital Health, Lazarus Israel Opportunities Fund, Lenovo, Leon Kamenev, Leon

Recanati, Leon Waisbein, Lerer Hippeau Ventures, LETA Capital, Liberty Global, Liberty Global Ventures, Liberty Israel Venture Fund, Lightspeed, Lightspeed Venture Partners

35

2016 ISRAEL SCALE UP REPORT INVESTORS

INVESTORS (CONT.)

Lionbird, Lipman, Lloyd Dorfman, LocalGlobe, LongTec China Ventures, lool ventures, Lord David Alliance, LV Partners, Mac Fund, Magma Venture Partners, Mangrove

Capital Partners, Mangrove Capital Partners, Maniv Mobility, Marc Benioff, Margot Lebenberg Carter, Marius Nacht, Mark Leslie, Marker, MasterCard, Matrix Partners India,

Maverick Ventures, Maxfield Capital, Mayfield, Menlo Ventures, Michael Cohn, Michael Weider, Mickey Boodaei, Microsoft Accelerator, Microsoft Ventures, Mike Fey,

MissionOG, Mitch Roberts, Mitsubishi UFJ Capital, Mitsui & Co, Miven, Mosaic Ventures, Moshe Lichtman, Moti Gutman, Motorola Solutions, Motorola Solutions Venture

Capital, Motus Ventures, Nadav Avrahami, Naspers, New Enterprise Associates, New Venture Partners, New York Life Insurance Co, NexStar Partners, NextStar, NFX Guild,

NICE, Nielsen Innovate, Noam Bardin, Norma Investments, Norwest Venture Partners, NTT DOCOMO, Nyca Partners, OCAPAC Holding Company, Ofir Azury, Olive Tree

Capital, Omer Shai Nir Zohar, Omidyar Network, OpenView, Opus Capital, Orange Digital Ventures, OrbiMed, Oren Zeev, Oryzn Capital, OurCrowd, Pascal Cagni, Paul Maritz,

Paul Sagan , Pelion Venture Partners, Pereg Ventures, PerITech, Peter McKay, Phi Square Holdings, Philips, Phoenix Insurance Company, Phyto Partners, Pico Venture

Partners, Pitango, Pitango Venture Capital, PLDT capital, Plus Ventures, Poalim Capital Markets, Pontifax , Primary Ventures, ProSieben, Qualcomm Incorporated, Qualcomm

Ventures, Quanta Computer, Qumra Capital, Radiant Venture Capital, Rafael, Rakesh Loonkar, Rakuten, Rally Ventures, Rami Lipman, Rdseed, Rebecca Minkoff, Red Dot

Capital Partners, Redfield Asset Management, Redpoint, Reinvent, Rembrandt Venture Partners, Rhodium, Richard Wooldridge, Robert Bosch, Roman Abramovich, Ronald

Cohen, RRE, RTP Ventures, Saar Wilf, Saban Ventures, Salesforce Ventures, Samsung, Samsung Next, SanDisk, Sanjay Subhedar, Santander InnoVentures, Sapphire Ventures,

Sassoon Investment Corporation, Sberbank CIB, SBI Holdings, Scale Up Venture Capital, Scale Venture Partners, SeediL, Semtech, Sequoia Capital, Serge Aziza, SGVC, Shaked

Ventures, Shanda Group, Shanghai Creation Investment, Shanghai Creative Investments, Shasta Ventures, Shengjing Group, Shlomo Kramer, Silicon Valley Bank, Singapore

Press Holdings, Singtel Innov8, Singulariteam, Slow Ventures, Social Capital, Sony, Spark Capital, Square Peg Capital, StageOne Ventures, Star Farm Ventures, State of Mind

Ventures, Strategic Cyber Ventures, Streamlined Capital, Stuart McClure, Sun Corporation, Susquehanna Growth Equity, Sweet Capital, Tal Kerret, Tal Simantov, Tank Hill

Ventures, Target Global, TechFounders, Technology CrossOver Ventures, TEEC Angel Fund, Tel Aviv University Technology Innovation Momentum Fund, Telstra Ventures,

Tenaya Capital, TenEleven Ventures, Terra Venture Partners, The NPD Group, Walt Disney, TheTime, TIC Group, TLV Partners, Tom Glocer, Tom Kilroy, Ton Ventures, TPY

Capital, Translink Capital, Trilogy Equity Partners, Trinity Ventures, Triventures, Trucks VC, True Ventures, Two Sigma Ventures, U.S. Venture Partners, U2opia Mobile, United

Microelectronics, United Overseas Bank, Upfront Ventures, UpWest Labs, Uri Levine, USVP, Verint, Verizon Ventures, Vertex Ventures, VGO Ventures, Vintage, Vintage

Investment Partners, Viola Credit, Viola Growth, Viola Private Equity, Vmware, Volkswagen, Waarde Capital, Walden Riverwood Ventures, Wellborn Ventures, Wellington

Management, Wilf Family, Will Graylin, Winnovation, Wipro, Xu Li, Yahoo Japan, Yariv Eisenberg, Yariv Gilat, YL Ventures, Zohar Gilon, Zohar Zisapel

36

No dataset is complete and this report provides an indication of reality only. Comparing to reports

of other providers on similar subjects is partly possible when taking into account the different

methodologies.

This report has been compiled for informational purpose only and should not be regarded as a

solicitation to invest in any entity.

This report relies on data and insights from a wide range of public and private sources and we

can’t be hold responsible for the completeness and accuracy of the information provided.

This report may freely be distributed, republished and posted as long as the content is not

modified, decompiled or reference to the source is being removed.

2016 ISRAEL SCALE UP REPORT DISCLAIMER

OmarMohout

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@omohout

Omar-Mohout

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