While the world economy has been heavily hurt by the coronavirus pandemic, it seems that New York-based Israelis start-ups were mostly spared.
Indeed, no less than $1 billion was raised by them during the COVID-19 crisis, according to Israel Mapped in NY, an interactive map created by Israeli entrepreneur Guy Franklin in 2013, listing about 350 Israeli start-ups currently operating in New York City.
Operating for seven years now, and listing only 60 when the platform was launched in 2013 compared to almost six times as many today, the map is revealing what the hottest trends and sectors are.
Between 2013 and 2017, Video, Adtech and B2C were the hot sectors, but since 2018 the focus shifted to Cyber, Fintech, Big Data & Analytics and B2B companies, along with Proptech, another thriving sector of tech applied to real estate, Israeli media reported.
The interactive map features all the start-ups in which at least one of the founders is Israeli and has a team in New York. Alongside a detailed list of companies and their fields of activities, the map also displays relevant local investors, Israeli investors that operate in New York and accelerators.
Moreover, having operated for seven years now, the map can also identify tendencies over time. Franklin explained that “it appears that fewer companies are raising funds, but those that are, are doing so at higher amounts and in more relevant verticals.” Another trend the map reveals, he pointed out, is an increase in the number of companies founded by female Israeli entrepreneurs, with 30 currently on the list.