Cover Story Featured in Legal Business: Israel’s Unicorn Success Story Boosts Optimism
In February 2022, Bloomberg reported over 1,000 "unicorn companies" globally, and Israel – with just 0.1% of the global population – accounts for some 8%. In 2021, Tel Aviv’s start-up ecosystem was valued at US $120 billion, and scored three US $1 billion exits. According to Forbes, 2021 saw 42 new Israeli unicorn companies registered, more than double the number in 2020, and the trend continues.
Nishlis Legal Marketing wrote a cover story featured in Legal Business Magazine discussing how the world is facing economic uncertainty, rising costs and inflation, but the tech scene in Israel offers optimism and relief. This in-depth look features insights from prominent Israeli and international partners.
Global law firms are noticing this impact. Yariv Ben-Ari, Real Estate partner and co-chair of Herrick's Israel Practice noted, "In light of rising interest rates and prevailing economic concerns, we have been working with our Israeli clients to identify market segments that will present opportunities for well capitalized buyers to transact across the US. While some lenders are more conservative, we have seen continued growth particularly where there are existing relationships with banks and PE funds."