Dealroom – Europe and Israel Founder Factories, Dec 2023

A report by Dealroom, in partnership with data provider Dealroom, highlights the growth of the European and Israeli tech ecosystem, driven by talent from existing unicorns. The report reveals that out of more than 350 venture capital-backed unicorns in the region, 248 have given rise to 1,451 new tech-enabled startups across Europe and Israel, with former employees becoming founders. Alongside repeat founders, there is now a network of individuals with extensive product, engineering, and management experience who have been on the startup journey before. This knowledge and experience are crucial for building successful global companies in the region. Despite challenges in the macroeconomic climate, there has been an increase in entrepreneurial talent, especially in sectors like fintech and AI. The report also shows a significant trend: almost 1,500 startups have emerged from the roots of European and Israeli unicorn companies, indicating that these companies continue to be thriving founder factories. The region not only launches startups but also fosters seasoned founders with in-depth industry insights and the experience necessary to build enduring and resilient businesses that can achieve sustainable growth.