Israel’s rise to a global startup hub has been nothing short of remarkable. The country saw 107 VC deals worth around $484 million in 2009, according to PitchBook’s Venture Ecosystem FactBook: Israel. Fast forward to 2018, and 331 deals worth nearly $3 billion were recorded. As of August 30 this year, almost $2.3 billion had been invested across 153 deals for Israeli companies.
Few firms have a deeper insight into the dramatic evolution of the Israeli VC ecosystem than Viola Ventures. Founded in 2000—and known as Carmel Ventures until rebranding in 2017—the tech-focused venture capital firm has experienced a similar growth trajectory to become an industry leader with over $3 billion in assets under management today.