November 4, 2013 0 Comments
It’s Boom Time for Israel’s Startups
Move over, Silicon Valley, Tel Aviv is now becoming one of the world’s leading tech hubs. This week alone, three startups, Interlude, Tabtale, and Stratoscale, have received funding from local and foreign investors. On top of that, Soluto an award-winning startup, has been acquired by Asurion Corporation, a US company for $130 million.
So what makes Israel’s startups so attractive to investors and acquirers? The answer is simple. Israeli entrepreneurs set their sights beyond their local market from day one. Israel is a country of less than eight million people, and their startups tend to be born global in the pursuit of scale. Our tip is that we’ll continue to see a number of significant acquisitions from the region over the next 24 months.
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