TLDR:
Israel is facing an image problem among the youth post-war, with protests and online abuse increasing. Sarona Ventures Operating Partner David Debash discussed the impact on investment trends and the need to protect Israel’s image. Despite challenges, Israel’s high-tech sector remains resilient and presents opportunities for investors.
In 2023, Sarona Ventures made 15 deals with 35% of their total invested funds. The focus remains on Enterprise Software, Retail, Proptech, Fintech, and Cybersecurity sectors. The company Salvador Technologies, a hardware-based cybersecurity firm, achieved an eightfold revenue increase in one year. Tips for founders include projecting budgets with a runway of 18-24 months and carefully choosing investors. Portfolio companies like Agora and Napo are expected to thrive in 2024.
Despite global and local challenges, opportunities for investments exist with a focus on early-stage companies, sustainable growth, and extraordinary founders. The market is expected to see more IPOs and mergers, driven by AI adoption, Security, and Cyber sectors. The high-tech sector in Israel remains resilient and promising for investors in the upcoming year.
