PitchBook, a global financial data and software company that produces the PitchBook Platform, a suite of award-winning software applications, announced its list of top VC investors in Israel with OurCrowd filling the top spot for the ninth year in a row.
VCs have poured $7.45 billion into Israeli startups, according to PitchBook data. This is an increase of 49 percent from 2020’s full-year figure. The list is based on the number of deals for each VC firm so far in 2021.
OurCrowd came in first with 28 deals, followed by TLV Partners and Vertex Ventures Israel tied in 2nd place with 12 deals each. Bessemer Venture Partners and Pitango Capital tied in 4th place with 11 deals each. Entrée Capital took the 6th spot with 10 deals and NFX came in 7th.
Seven VCs tied for 8th place with 8 deals. They were 83North, Fresh.Fund, Hanaco Venture Capital, Jerusalem Venture Partners, M12, Salesforce Ventures, and State of Mind Ventures.
“We are proud to be leading the high-tech industry in Israel, which is now firing on all cylinders,” OurCrowd CEO Jon Medved said, “The performance of the Startup Nation has never been better. Israel is already home to more than 70 billion-dollar unicorns – about 10 percent of the global total – with dozens of IPOs, SPACs, and mergers and acquisitions.”
Founded in 2013, OurCrowd is the online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies before they go public. OurCrowd was first named the most active venture investor in Israel in 2018.
The company has grown rapidly in 2021, deploying more than $1 billion into some 280 portfolio companies and 30 funds across five continents in sectors like mobility, cybersecurity, agtech, medtech, and AI.
According to Pitchbook, much of this year’s growth in Israel has come from late-stage rounds, with over two-thirds of all capital invested going to more mature startups. While early-stage companies still represent the majority of transactions, later-stage startups are slowly increasing their share of deal count, to 35.1 percent in 2021 compared to 30.1 percent in 2020.
The growth comes from this year’s mega-deals include $230 million raised by e-commerce marketing platform Yotpo in a Series F funding round and $235 million raised by facial recognition technology company AnyVision.
Significant capital was also raised by Israeli investors. TLV Partners’ $220 million close on its fourth fund, for example, “not only dwarfing the size of all its predecessor vehicles but also underscores record levels of investment that the country’s venture-backed startups have enjoyed over the past year,” Pitchbook’s announcement said. The firm also secured $100 million for a vehicle dedicated to its existing portfolio companies.