News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
We look beyond the blinding valuations to choose the companies that not only survived the Covid-19 crisis but thrived and are now best positioned for future success.
Even the biggest optimists couldn’t predict the turnaround that the Israeli tech sector experienced over the past year. April of 2020 was a period of crippling uncertainty, with the entire county under lockdown, businesses closing down and mass waves of layoffs and furloughs, with a seemingly inescapable economic crisis arriving in the wake of the Covid-19 pandemic. But the local tech scene went on to see a 25% increase in capital raised with nearly $10 billion flowing into the sector by the end of 2020. Funding rounds of $100 million, $200 million, and even $300 million became par for the course and more than 20 new unicorns emerged, nearly doubling the previous count