Israel: share of mature startups by vertical 2022

In 2022, 21 percent of technology companies, founded in Israel as start-ups since 2003, were able to reach maturity. Among firms in the defense technologies vertical, 37 percent were categorized to have reached a mature phase. In the local semiconductor industry, 33 percent of ventures were found to be mature companies. As of 2022, 2,560 mature tech start-ups were active in Israel.

Share of technology start-ups that reached maturity in Israel in 2022, by field of activity

Characteristic	Share of mature startups
Defence tech	37%
Semiconductors	33%
Industrial tech	28%
Communications	28%
Cyber security	25%
Clean tech	25%
Applications for industry and business	22%
Life sciences	21%
Agri and food tech	21%
Other	20%
Content and media	19%
Fin Tech	19%
E-commerce and advertising	19%

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Release date

January 2024

More information

Region

Israel

Survey time period

2022

Supplementary notes

Currency conversion rate as of September 2, 2024, 1 USD = 3.65 ILS.

The source defines a 'mature start-up' as a start-up venture which has completed its development phase and has commenced its production phase. During the stage, companies typically rely on their own income to operate and are less reliant on capital investment. The criteria for inclusion are either one or more of the following:

The company operates for at least 10 years.
The company employs at least 80 employees.
The company earned more than 20 million Israeli shekels (about 5.5 million U.S. dollars).

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