April Edition 2022

12 Israel’s unicorns span a range of verticals. Assaf Oz of Meitar said: “The hottest sector seems to be cyber security, and with the number of cyberattacks growing exponentially, and the catastrophic impact that a mega attack can create, I believe it will continue to be super-hot.” In Cyber, there is a growing raft of unicorns, including Armis, Axonius, BigID, Cato Networks, Cybereason, SentinelOne and Snyk, with Armis acquired in 2020. In FinTech, there is also a large presence: eToro is the Israeli-founded insurance company that had a valuation of USD 10.4 billion in 2021, making it the highest valued private tech companies in Israel. There is also Forter, Next Insurance, Rapyd, Riskified, Melio, Lemonade, and Payoneer, which went public in 2020 and 2021 respectively, and just inMarch 2022, Capitolis joined the unicorn club,cementing Israel’s position as leader in the FinTech sector.As Oz says: “Fin-tech is also very strong, and there is no doubt it would continue to grow. I believe that we are just in the beginning of the road for block-chain and cryptocurrency technologies and companies. Finally, since we are already "living on the cloud", anything related to that will only get bigger.” EBN’s Caner adds: “Hot sectors include food-tech. Examples includes FutureMeat,which just raisedUSD320million round (wherewe represented its major investors including S2G, Tyson Food, ADM capital and many others, since inception), Redefine Meat, where we represented some of its investors, Amai Proteins, where we represented some of its investors, and The Mediterranean Food Lab, which we represent. Key sectors include ag-tech, AI, enterprise software and FinTech, where we were involved in numerous transactions representingboth the companiedand their investors. As always, Cyber, where we were involved in many transactions including the representation of the investors in Cymulate, and the representation of Waterfall, Kaymera and RecoLabs (including on its recent round led by Insight Partners).” “Israeli technology companies raised an all-time high of USD 26.6 billion last year. That was more than double the level raised in 2020” (SNC Report, December 2021) Which sectors would you expect to produce the next set of unicorns?