First published on Forbes
Israel, a global innovation leader, has firmly established itself as a powerhouse in the tech ecosystem, with a combined enterprise value exceeding $450 billion and more than 80 unicorns according to dealroom. Traditionally recognized as a global leader in technological innovation—especially in cryptography, cybersecurity, and data science—Israel has also emerged as a critical player in the Web3 sector.
With a total of $4.5 billion in Web3 funding, Israel accounts for approximately 4.5% of global Web3 VC funding. This is a remarkable achievement, especially considering the country’s small population (9.3 million in 2024). On a per capita basis, Israel’s Web3 funding is disproportionately large, underscoring the country’s significant impact on the global Web3 landscape.
The Israeli Web3 ecosystem presented for the first time in this article is diverse and dynamic, comprising more than 100 startups categorized into 12 sectors: Blockchain & Infrastructure, Custody & Wallet, Cybersecurity, Developer Tools, Gaming, Hardware, NFTs, Payments, Risk Management, Real-World Assets (RWA), Social, and Trading & Finance. This categorization reflects the multifaceted nature of Web3 technology and its wide range of applications. Each category plays a vital role in the broader Web3 infrastructure, collectively contributing to a vibrant and interconnected ecosystem.
