While not technically in Europe, Israel outperformed economies more than ten times its size, including those of Britain, Germany and France, according to a just-released report
Israel is not technically in Europe, but it likes to participate in European competitions, from chess to Olympic sports to the Eurovision song contest.
More often than not, Israel’s performance is below average. If the country so much as wins a medal in an obscure category of an obscure sport, this news makes headlines in the Hebrew press.
But there is one competition where Israel is truly an outlier, outperforming countries ten times its size and with more than ten times its GDP.
In a survey of venture capital funding in Europe and Israel for the second quarter of 2015, venture capitalist and analyst Gil Dibner found that Israeli companies raised both the largest amount of VC funding in the last year and attracted the highest total number of deals in the last quarter.
This is a remarkable achievement since Israel’s population is only 8 million, as compared to 80 million in Germany, 66 million in France and 64 million in the UK. Israel’s GDP is $290 billion, while that of Germany is $3.73 trillion and France is $2.8 trillion.
During the 12 months that ended in June 2015, reads the report, there were 866 reported venture investments across Europe and Israel.
However, in the second quarter of 2015, Sweden actually led Europe in total VC funding, due to a June mega-investment of $526 million in music-streaming service Spotify.
When broken down by region, the Nordic countries led Europe in total VC funding in the second quarter of 2015, again due to the mega-investment in Spotify.
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