Israel is considered one of the largest innovation clusters in the world. That is because most of the successful startups emerged from there. Companies such as Waze, Wix and Moovit brought visibility to the country, which became known as the Startup Nation.

Brazil continues to innovate in this area and currently has more startups where market values exceed eight digits and, therefore, can be considered unicorns. These figures have made Brazil to surpass Israel in the number of technology companies that are already worth more than $1 billion. About 13 companies became unicorns by 2019, including 99, Arco, Ascenty, Ebanx, Gympass, iFood, Loft, Loggi, Nubank, PagSeguro, QuintoAndar, Stone and WildLife. In Israel there are 8 unicorns and in Germany, 12.

Despite the pandemic, July was one of the busiest in the history of Brazil innovation ecosystem. According to a report released by Sling Hub, 50 negotiations were counted with a total of R$ 560 million: 30 of which were investment funding and 20 were mergers and acquisitions (M&As) in Brazil.

According to the study, 35.8% of startups that raised funds in July are fintechs; 20.5%, construtechs; 17.8% operate in the pet sector, and 6.6% are management.

In addition, the five startups with the largest contributions are Warren (R$ 120 million), ABC da Construction (R$ 115 million), Zee.Dog (R$ 100 million), Magnetis (R$ 60 million) and Zoox (R$ 27 million). In Brazil-Israel Chamber, we represent an important commercial, economic and sociocultural link between Brazil and Israel with the objective of fostering business within the country and between the two countries. Our members can access committees that promote the creation of new solutions, one of them is the IT and Innovation Committee (Apps) that aims to study and propose mobile solutions (mobile applications) for Brazilian and Israeli companies interested in innovating their business model. Become a member and make your business prosper too! Click here.