ABOUT ISRAEL TECH MISSION
The Israeli high-tech sector plays a crucial role in the country's economy. Yet since October 7, Israeli companies have experienced a 73% drop in foreign investments, according to the Israel Innovation Authority.
Despite the turmoil, we are committed to supporting lsrael's position as a tech marvel:
53%
of lsraeli exports are tech
20%
of lsraeli GDP from tech
20%
of the Israeli tech workforce called into reserve duty
THE PILOT MISSION
On a tight schedule, with limited dedicated personnel and funding, David Siegel, CEO of Meetup, organized trips for 200 investors, technology, and business leaders. The goal of this mission to Israel was to gain first hand experience of the people, technologies, investments, businesses, and professional services that make Israel an innovative tech powerhouse. With the overwhelming success and the increased demand for more missions to Israel, David formed the non-profit Israel Tech Mission (ITM) Inc.
MISSION RESULTS
$3 million was invested into Israeli startups, and $1.5 million was raised for other Israel-focused organizations, as well as many relationships created and countless lives impacted.
ISRAEL'S TECH LANDSCAPE
Israel companies represent
10% of global unicorns.
Israel is the 3rd largest tech hub in the world by capital raised, trailing only New York and Silicon Valley.
Israel has the greatest density of startups per capita in the world.
Global tech giants, including Amazon, Microsoft, and IBM, hire and invest in Israel as a source ofcutting-edge innovation.
Over 50 of the world's top firms in Ventures Capital, Private Equity, and Growth Equity have opened offices in Israel or have dedicated a partner to cover Israel.
Since the start of the conflict, hundreds of Israeli companies have raised a total of ~$9.8B.