Israel’s startup ecosystem has been buzzing with activity over the past few years, especially in the fields of Proptech and Contech. Between cutting-edge technologies and disruptive solutions, Israeli startups have firmly established themselves on the global investment and innovation scene, attracting worldwide investors and entrepreneurs alike.
Seed investment in Israeli startups increased by 22% in 2022, up to $1.6 billion, which was largely fueled by the Proptech industry growth, aptly earning the name “startup nation.” This funding has allowed startups to continue to disrupt and develop solutions for some of the real estate industry’s most pressing challenges.
The success of Israeli startups has not gone unnoticed internationally either. Many Israeli startups have established a presence in the US and Europe, with some even going public on the stock exchange. In 2022, Proptech company Hippo went public on the New York Stock Exchange and was valued at $5 billion.
Avia Tzur Farber, Co-Founder of PropTech360, expressed her excitement about the growth of the Israeli Proptech industry, stating, “The explosive growth of the Israeli Proptech scene is a testament to the innovative spirit and entrepreneurial drive of Israeli startups. At PropTech360, we are thrilled to be a part of this growth and to help connect Israeli startups with investors and industry leaders from around the world. Our upcoming summit will prove to be yet another great opportunity for Israeli startups to showcase their offerings and connect with potential partners. We look forward to continuing to support the growth and success of the Israeli Proptech industry.”
To foster further innovation and growth, the Israeli government has been actively supporting the Proptech and Contech industries, and entrepreneurialism at large. According to Deloitte’s 2022 Proptech Report, “Israel has a limited domestic market; therefore, startups have a global mindset from the start. Additionally, the government is heavily invested in the country’s innovation. It provides subsidies for large R&D investments and takes on a significant part of the risk by providing equity-free initial funding to early-stage startups.”
It’s undeniable that Israel’s Proptech industry is thriving, powered by a robust startup ecosystem, supportive government policies, and the attraction of the international community. The success of these startups has captured the attention of investors and entrepreneurs worldwide, which is why Avia and her team at PropTech360 are so excited about their upcoming summit in June, hosted in the hub of startup nation, Tel Aviv.
PropTech360 is one of the most sought after Proptech events, bringing together startups, investors, and industry leaders from around the world. With this resurgence, the 2023 Summit is set to be the biggest and most powerful event to date yet. While it will feature keynote speakers, panel discussions, and workshops focused on the latest trends and innovations in Proptech, the network and interaction amongst attendees will be unparalleled.
The summit is also an excellent opportunity for Israeli startups to showcase their innovative solutions and connect with investors and potential partners. Attendees will have the chance to network with investors, startups, and industry leaders, as well as learn from experts and thought leaders in these industries. PropTech360 leadership also works directly with high -profile, international delegations to provide exclusive access, as well as curated localized events to discuss related topics.
For more information on sponsoring, exhibiting, or attending, visit Prop-Tech360.com
