News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
Silicon Wadi – as the tech hub in Tel Aviv is known – remains the exit capital. Intel, Apple, Snapchat and Huawei have all made big-money Israeli acquisitions in the last year; most notably, Intel’s $15.3 billion (£12bn) acquisition of autonomous-driving startup Mobileye. However, the trend towards large IPOs has fallen in recent times, with the startup-and-exit mentality being replaced by a trend for scaling companies.