Firm Profile > AYR – Amar Reiter Jeanne Shochatovitch & Co > Jerusalem, Israel

AYR – Amar Reiter Jeanne Shochatovitch & Co
JERUSALEM TECHNOLOGY PARK, BUILDING 1, ENTRANCE C, 1ST FLOOR
2 AGUDAT SPORT HAPO'EL RD
MALHA, JERUSALEM
Israel

Dispute resolution: white-collar crime, investigation and fraud Tier 2

AYR – Amar Reiter Jeanne Shochatovitch & Co is instructed on a broad range of private sector investigations, including those concerning economic, tax or security offences, as well as matters relating to public officials such as bribery. The group is particularly active in diamond smuggling and represents major defendants in an investigation by the National Serious International Crimes Unit into the “Black Diamond” affair. Practice head Sharon Kohane specialises in money laundering issues; in addition to representing clients, Kohane is frequently consulted to provide expert opinions for the court.

Practice head(s):

Sharon Kohane

Key clients

A Knesset Member – David Bitan affair

Lev Leviev and the LLD Diamonds Company

The Albar Company

Albar CEO Oren Elezra and Chairman of Albar group Mr. Eli Elezra

Leverate

CFO of Shikun & Binui Group

Moshe Goldman

Constructor in Netivei Israel

Leib Waldman

The Legal Counsel for Keren Kayemeth LeIsrael (KKL)

Rudy Jarmoune

Senior executives in the management of Kibbutz Lahav

Malam Team

The College of Management Academic Studies

Hi-tech and start-ups Tier 2

AYR – Amar Reiter Jeanne Shochatovitch & Co has made significant strides forward in recent years, and now has a significant presence on the Israeli hi-tech market. Daniel Chinn, who arrived in 2019 from Herzog Fox & Neeman to lead the practice, has extensive experience advising start-up companies from the earliest stages through to exit transactions. A prime example of this work is Chinn's recent advice to Lemonade on its IPO on the New York Stock Exchange, one of the most successful exits on the market in recent years.

Practice head(s):

Daniel Chinn

Other key lawyers:

Saar Binyamin; Mati Rosenbaum

Testimonials

I primarily work with Daniel Chinn. He is shrewd, highly commercial, a pleasure to work with, responsive, thorough and professional.’

There is a real personal touch in the start-up team within the Jerusalem office.’

The lawyers in this firm are first and foremost good people before they are great lawyers. Saar Binyamin is always available (any hour of the day or night), super kind, and professional. Mati Rosenbaum always surprises me with his knowledge. I would definitely want these two as my advisers at any company where I work.’

Saar and his team have a lot of useful knowledge that extends beyond their specific practice, offering a wider perspective on different issues. Furthermore, the team provide a high level of availability and are able to move in time with our very fast start-up tempo. Their response and delivery time is outstanding.

Key clients

Lemonade

Aleph

Nexar

Maniv Mobility

C2A – Sec

Hetz Ventures

Microsoft Corporation

Samsung NEXT Fund

Sony Innovation Fund

Joy Capital

ComQi

HoneyBook Event Planning

40Nuggets

Communitake Technologies

Cyberpion

Tamar Robotics

ADVA Optical Networking SE.

Malam – Team Ltd.

Daisy

NSC – Nano Sono Cooperation

Copyleaks Technologies

Digital Horizon

Teleclal Group

GeoQuant

Planning and zoning Tier 2

AYR – Amar Reiter Jeanne Shochatovitch & Co frequently advises clients on the planning and licensing procedures to facilitate residential, commercial and infrastructure projects. It is also well known for representing clients in litigation before the administrative courts and the High Court of Justice. Among the team's current instructions, it is advising Gindi Tower Tel Aviv on all of the planning, licensing and construction aspects of a housing project in Tel Aviv's old wholesale market, comprising over 1,540 residential units. Yacov Cohen is able to provide clients with a comprehensive offering in the field of real estate, which includes representation before all relevant planning authorities. He leads the team jointly with real estate and planning expert Amir Amar.

Practice head(s):

Amir Amar; Yacov Cohen

Testimonials

 

Key clients

Nesher Israel Cement Enterprises Ltd.

Shapir industries Ltd.

Aura Israel Development and Investments Ltd.

PHI Networks

Delek – The Israel Fuel Corporation

Gindi Tower Tel Aviv Ltd

The Bazan Group

Ono Academic College.

Noble Energy Mediterranean Ltd.

Kavim Public Transportation ltd.

Kesher Rent A Car Ltd- (Hertz)

Dunietz brothers group

The Ashtrom Group

Adama Agan Ltd.

Israel National Gas Lines Company Ltd.

Meuhedet Health Services

The Gabay Group

Telecoms and media Tier 2

AYR – Amar Reiter Jeanne Shochatovitch & Co has a strong offering in both the media and telecoms sectors, advising broadcasters, mobile network operators, banks and insurers on a variety of contentious and non-contentious issues. The firm acts for large domestic clients, such as the Israeli Public Broadcaster. In addition, it generates work from blue-chip international names; it is advising Microsoft on the establishment of its first data centre in Israel. Founding partner Eyal Roy Sage advises on data protection and regulatory matters, and is particularly knowledgeable about the interface between antitrust and technology.

Practice head(s):

Eyal Roy Sage

Other key lawyers:

Shir Shoshany-Katz

Testimonials

‘Eyal Sage’s team is dedicated and professional. They are very knowledgeable in the field of privacy and always have time to share some thoughts or discussions. In addition, they are highly updated in recent regulatory and legal developments which is, of course, of critical importance. ’

‘Eyal Sage definitely stands out with regard to his depth of analysis, practical solutions and thinking “out of the box” in connection to every case at hand. ’

‘very professional’

Key clients

Microsoft Corporation

Israeli Public Broadcasting Corporation (IPBC)

Teva Pharmaceuticals Ltd.

BANK Leumi

Bank Hapoalim B.M

PHI (Partner Hot Infrastructure)

The Tel Aviv Stock Exchange

Partner Communications Company Ltd.

The Boston Consulting Group Ltd.

Israel Credit Cards Ltd.

Max It Finance Ltd.

Harel Insurance Company Ltd.

Menora Mivtachim Insurance Ltd.

KPMG Israel

The Northern Radio Holdings Ltd

Mayer Cars And Trucks Co.Ltd

Kesher Rent A Car Ltd.

L’Oréal Israël Ltd.

Malam – Team Ltd.

El Al Israel Airlines Ltd.

Kavim Public Transportation Ltd.

Dispute resolution: class actions (including derivative actions) Tier 3

Led by Yaron Reiter, AYR – Amar Reiter Jeanne Shochatovitch & Co  represents clients from the retail, insurance, financial services and real estate sectors in a range of class action disputes. The group is especially strong in the telecoms sector, representing major domestic companies, such as partner communications, in disputes relating to price discrimination, data privacy and disability discrimination. The team is also active in antitrust matters, and currently represents Chi Mei Corporation in an international dispute concerning a potential cartel.

Practice head(s):

Yaron Reiter

Other key lawyers:

Ariella Ablov; Dana Amir; Ruthy Wysenbeek-Shauli; Yael Shoham

Key clients

Shufersal Ltd

Partner Communications Company Ltd

Microsoft Corporation

Microsoft Israel Ltd

Phoenix Insurance Company Ltd.

Excellence Nessuah Gemel Ltd.

Chi Mei Corporation

The Gindi Group.

Studio C

M. Lasser

Bezeq International Ltd.

Kavim Public Transportation Ltd.

Auto Center

Teleclal Group Ltd

The Manufacturers Association of Israel (MAI)

Kesher Rent A Car Ltd- (Hertz)

Israeli Public Broadcasting Corporation (IPBC)

Pelephone Communications Company Ltd.

Bank Leumi Ltd.

012 Smile Telecom Ltd.

ICP Finance Ltd.

Be Drugstores Ltd.

S. Shlomo Holdings Ltd.

Trima Israel Pharmaceutical Products Maabarot Ltd.

Of Yerushalaim Mehadrin Ltd.

Red Meat Importing & Exporting Meat Ltd.

Rami Shviro

Ono Academic College

Dayagei Rishon LeZion

Dispute resolution: local litigation and arbitration Tier 3

Able to handle all contentious matters, AYR – Amar Reiter Jeanne Shochatovitch & Co is notable for its dedicated sub practices which focus on areas including municipal taxation, labour law and insolvency. Founding partner Ram Jeanne leads the practice and represents large companies in both litigation and arbitration proceedings. Gali Friedhof, a new arrival from Pearl Cohen Zedek Latzer Baratz in 2020, specialises in disputes relating to infrastructure.

Practice head(s):

Ram Jeanne

Other key lawyers:

Gali Friedhof; Dana Battat; Oded Gross; Roey Dotan; Gidon Even-Or

Key clients

Shufersal Ltd

Azorim Ltd

General Mills Israel Ltd

Shapir Engineering & Industries Ltd

Danya Cebus Ltd

Hutchison Water International Holdings Pte. Limited

Malam Team Ltd

Ofer Investments Group and Melisron Ltd

HOT Telecommunication System Ltd

The Israeli Public Broadcasting Corporation

Mayer’s Cars and Trucks Ltd

Matrix IT Ltd and John Bryce

Carbofix Orthopedics Ltd

Afcon Group

Microsoft Corporation and Microsoft Israel Ltd

Partner Communications Company Ltd

Teleclal Group

Edge Medical Ltd

Employment Tier 3

With notable strength in the construction, hi-tech and hospitality sectors, AYR – Amar Reiter Jeanne Shochatovitch & Co predominantly acts for employers in contentious, commercial and regulatory matters, including highly sensitive mandates involving sexual harassment, equal opportunities and termination of employment. It is also a go-to practice for clients engaged in shareholder disputes. Helit Simhoni has standout expertise in acting for labour unions in important disputes. Former judge Yigal Plitman is also a key member of the team, providing invaluable consultancy services on labour law and assisting clients with arbitration and meditation proceedings involving employment issues.

Practice head(s):

Helit Simhoni

Other key lawyers:

Yigal Plitman

Testimonials

‘What stands out is the availability of the team to provide the requested advice promptly, and the fact that the leading senior attorney is the one providing the advice.’

Key clients

Leverate Ltd

Ono Academic College

Gindi Ltd

The National Israeli Restaurants Organization

Maccabi Haifa Football Club

Minrav Holdings

Riskified Ltd

C2A Security

Danya Cebus Ltd

Lighting Warehouse

Lemonade

Diamond Capital Management Services

Avantage Patisserie

Cnaan Center LTD

A.A. Shidurit Telepage (1989)

Gaon Holdings Group

Leverate Ltd

Gaon Holdings Group

Alon Group

Intellectual property: commercial/transactions Tier 3

AYR – Amar Reiter Jeanne Shochatovitch & Co is widely recognised for its expertise in the media sector, with it advising many of Israel's largest broadcasting companies on royalties collection and production agreements. Having won an Israel Public Broadcasting Corporation tender, the group advises key client KAN on all IP matters related to the commissioning of television programmes and acquiring broadcasting rights. Founding partner Eyal Roy Sage combines his knowledge of antitrust law with IP expertise to assist dominant technology providers with the structuring of agreements.

Practice head(s):

Eyal Roy Sage

Key clients

Microsoft Corporation

Israel Credit Cards Ltd.

Partner Communications Company Ltd.

Hot Telecommunications Systems

Pelephone Communications Ltd.

El Al Israel Airlines Ltd.

Menora Mivtachim Insurance Ltd

Maccabi Haifa F.C

The Northern Radio Holdings Ltd

Teleclal Group Ltd.

Ono Academic College.

Afcon Holdings Lt

Real estate and construction Tier 3

AYR – Amar Reiter Jeanne Shochatovitch & Co displays particular expertise in urban renewal projects and municipal tax disputes. In this field, the team predominantly advises clients on financing transactions, acquisitions and planning issues. Amir Amar is known for advising clients on significant real estate transactions. In addition, Amar has a strong track record in construction disputes. Omer Gadish has notable expertise in liquidation proceedings involving real estate companies. Aharon Barda has significant experience in the negotiation of real estate transactions and agreements, including financing and lease arrangements.

Practice head(s):

Amir Amar; Omer Gadish

Other key lawyers:

Aharon Barda

Key clients

Gindi investment Ltd.

Gindi Tower Tel Aviv Ltd.

Shapir industries ltd

Delek – The Israel Fuel Corporation

Aura Israel Development and Investments Ltd.

Adama Ltd.

Nesher Israel Cement Enterprises Ltd.

BST GROUP

Kesher Rent A Car Ltd- (Hertz)

Amot Investments

Ofer Investments

Melisron

Shimshon Zelig Ltd.

The Phoenix investment and finance Ltd

PHI Networks

Hanan Mor Holdings Group Ltd.

Transport Tier 3

AYR – Amar Reiter Jeanne Shochatovitch & Co is active in all areas of transport and advises clients on various matters, including tenders, financing, licensing and commercial contracts with suppliers. It is also well known for representing clients in class actions, predominantly in the automobile sector.  Yoav Caspi specialises in M&A and financing transactions. Yaron Reiter is a go-to name for transport clients involved in commercial litigation.

Practice head(s):

Yoav Caspi; Yaron Reiter; Ram Jeanne

Other key lawyers:

Assaf Lapid

Key clients

Dan Public Transportation

Kavim Public Transportation LTD.

El Al Israel Airlines Ltd.

Mayer Group

Keshser Rent A Car Ltd.

Merkavim Transportation Technologies

Auto Center Limited Partnership

Shlomo Sixt Group

Aero Handling Ltd.

FSM Ground Services

Shafir Group

Danya Cebus and China Civil joint venture

Ahuzot Ha’chof

Morgan Ltd.

Banking and finance Tier 4

AYR – Amar Reiter Jeanne Shochatovitch & Co specialises in advising lenders and borrowers on corporate and project finance, benefitting from the presence of a number of team members who have previously worked for firms outside of Israel to handle complex cross-border instructions. Yoav Caspi has broad expertise which spans M&A, banking and finance and hi-tech. Tomer Altman, who heads the firm's capital markets group, also has considerable experience advising clients on inbound and outbound investment and debt restructuring.

Practice head(s):

Yoav Caspi

Other key lawyers:

Tomer Altman; Assaf Lapid

Key clients

Hapoalim Bank

Amitim

Harel Group

Clal Insurance Enterprises Holdings Ltd.

Lemonade Group

Gindi Group

Mayer Group

Fritz Companies Israel T. Ltd.

Shafir Group

More Investment House

Phoenix Insurance Company

Halman – Aldubi

A.N.G Group

Commercial, corporate and M&A Tier 5

With particular expertise in the real estate industry, AYR – Amar Reiter Jeanne Shochatovitch & Co's practice specialises in M&A, investments, takeovers and other corporate deals. Yoav Caspi is highly active in a broad range of transactions across various sectors, including hi-tech, pharmaceuticals and real estate. Daniel Chinn frequently advises venture capital and private equity funds on investments in technology companies, including start-ups and growth stage companies.

Practice head(s):

Yoav Caspi

Other key lawyers:

Daniel Chinn

Key clients

Microsoft Corporation and Microsoft Israel

Shufersal

EL-AL Israel Airlines Ltd.

Partner Communications Company Ltd.

Hapoalim Bank

Shafir Group

Mayer Group

Kavim

Kesher Rent A Car

Gindi Group

Fritz Companies Israel T. Ltd.

Malam Group

Harel Group

Amitim

Matrix Group

Clal Insurance Enterprises Holdings Ltd.

Kan Israeli Public Broadcasting Corp.

International Paralympic Committee

Magen David Adom

Rambam Health Care Campus

Kupat Holim Meuhedet

Hi-tech Industry in Israel

General background

While making up approximately only 0.1% of the world’s population, Israel stands out as one of the most innovative and technologically advanced countries in the world, earning the well-deserved moniker “Start-up Nation”.

Despite the numerous internal and external challenges presented to Israel over the past decades, the Israeli economy maintained a steady and stable growth curve, becoming a hotbed of technological innovation, with a robust economy, a strong currency and a variety of export industries.

As a “Start-up Nation,” Israel is the world leader in start-ups per capita (with 1 start-up for every 1,400 people), having founded over 2,000 start-ups in the past decade.

Daniel Chinn
Daniel Chinn | Partner & Head of
Hi-Tech | AYR

There are a number of reasons that might explain this phenomenon:

  • The limited number of natural resources coupled with the understanding that the future of the country lays in technology.
  • The unique Israeli entrepreneurship spirit which encourages risk taking, scepticism, and “outside-of-the-box” thinking.
  • The fact that students in Israel are encouraged to train in advanced computing studies from a very early age.
  • The fact that despite its small size, Israel boasts a number of world class universities, particularly in the areas relevant to the technology industry. In addition to the Hebrew University (in Jerusalem) and Tel Aviv University – two world ranked universities which cover a broad academic area in sciences, arts and humanities – Israel is also the home to both the Technion in Haifa – a university dedicated to the sciences – and the Weizmann Institute, a graduate only university also specialising in sciences with an emphasis on medical discoveries. All of these institutions, as well as other universities and institutions of higher learning, are deeply integrated in the local technology industry with continual cross-fertilisation between the academic and the business worlds. Another good example is Ben Gurion University situated in the city of Beersheva which is an integral part of the cyber security hub in the city.
  • The existence of elite technological and intelligence units in the Israeli military which give many young Israelis an opportunity to lead teams of experts and manage complicated projects at the age of 18-20. In fact, some of Israel’s most powerful hi-tech companies have been founded by former military officers who served for many years in intelligence and technological units (the most famous of them is the “8200 Unit” whose graduates find jobs in the hi-tech world immediately after their release from service).
  • Government support – Israel has a long history of governmental incentives and support for the local technology industry, including direct grants, funding of technology incubators, export grants, support for the development of generic technologies in specific areas and the like.
  • Israel houses approximately 300 R&D centres of multinational corporations who contribute both to the start-up industry and the general hi-tech industry.
  • Israeli start-up companies are supported by an active venture capital market.
    There are currently approximately 70 venture capital funds active in Israel, some of which are international VCs with offices in Israel.

All of the above combined with a widespread use of the English language and the growing desire in the general public to enter the hi-tech world influences many talented young professionals to join the industry and creates a fertile ground for fast moving start-ups to develop.

Tech hubs in Israel

The key locations in Israel in which the start-up industry is thriving are:

  • The city of Tel Aviv which is known as one of the most significant tech hubs in the world. It has the highest number of start-ups per capita in the globe and the highest investment of GDP in R&D.
  • The capital city Jerusalem has a very active hi-tech ecosystems as it hosts several incubators, R&D centres, accelerators and more than 400 active technology companies.
  • The city of Haifa is considered an industrial zone but also as a tech hub. It hosts leading companies such as Microsoft, Intel and Google and has leading academic institutes such as the Technion.
  • In the north of Israel, the Upper Galilee tech-industry emphasises food-tech and Agrotech, as it grants access to the hi-tech world to those located in the periphery of Israel.
  • In the south of Israel, the city of Beer Sheva is considered as the Cyber Centre of the country. The Israeli National Cyber Bureau, Ben Gurion University and leading global companies are all part of the cybersecurity industry of the city.

Current characteristics and trends

The following are the current characteristics and trends of the Israeli start-up industry:

  • Creating Unicorns – Over the last few years, Israel has seen the creation of a growing number of “unicorns” (companies obtaining a valuation of at least US$ 1bn) and many of these companies have either hit the public markets (mainly in the US) or been sold for significant sums. In March 2021 alone, seven new Israeli unicorns were “born”.
  • Extensive Growth in Capital Investments – Despite the challenges suffered by industries around the world, the Israeli tech ecosystem managed to survive and thrive throughout 2020, despite the Covid-19 pandemic.Investments totalled US$10bn for about 607 transactions, exceeding 2019 investments by 31% in capital and 20% in the number of deals.2021 is also expected to reach new heights in terms of capital investments in the Israeli hi-tech industry. Recently published data shows that, in the first half of 2021, the total capital raised for tech companies reached $11.9bn, already exceeding the amount raised in the whole of 2020. One of the reasons for this is the significant increase in the number of larger later stage financings. If the first half of 2021, there were 38 financings of amounts in excess of $100m each, accounting for about 50% of the total amount raised during that period, almost double the number in the whole of 2020.In compression, Europe’s growth increased by 123%, the US’s growth increased by 91%, and Asia’s growth increased by 69% over the same time period.
  • IPO Potential – Companies throughout the Israeli hi-tech industry have reached maturity levels that enabled them to turn to capital markets as a viable exit alternative. In 2020, Israeli companies made 121 funding deals raising US$ 6.55bn on the capital markets, compared to US$ 1.95bn in 2019. Deals included IPOs, follow-up offerings, PIPEs, and registered direct deals (RDs), covering equity and debt (straight and convertible) through primary and secondary offerings. This trend has continued apace in the first half of 2021 with a very significant increase in the number of IPOs in the US and in Israel, from 20 in the whole of 2020 to 48 in the first half of 2021. This also reflects a trend which has been growing over the last few years, namely a desire among both entrepreneurs and investors to grow large independent companies rather than targets for acquisitions. Examples of this include CyberArk, Lemonade, Wix, Vroom, Monday.com and many others.
  • Special Purpose Acquisition Companies (SPACs) – Another trend which relates to the public markets is the investments of SPACS. From March 2020 to March 2021, SPACs have raised over US$ 88bn and they are using such funds to invest and take Israeli start-ups to the next level. A number of these deals, particularly in the mobility technology space, have already been announced.
  • Involvement of Israeli VC Funds – The share of the Israeli VC funds out of the total investments in the Israeli tech industry continues to decrease.
    In 2020, Israeli VC Funds’ share amounted to 15% of the total VC investment capital as opposed to 18% in 2015-2019.
  • M&A Decline – Over the last decade the value of approximately 587 M&A transactions made in the Israeli hi-tech market amounted to more than US$ 70bn. Nevertheless, the Covid-19 pandemic slowed much of the M&A activity in the global hi-tech industry and in Israel as well. During 2020, M&A transactions in Israel amounted to only US$ 5bn. It will be interesting to see whether this is related to the “unicorns” trend (mentioned above) and basically means that companies are given more time to grow and become even more influential players in their respective markets. Based upon data from the first half of 2021, we would expect the total amount of M&As in 2021 to exceed that of 2020, but that we have seen a significant shift from acquisitions to public offerings.

Corporate environment

  • Private Market – Israel’s corporate law is based upon the British system of corporate governance, having been put in place by the British Mandate administration in the 1930’s and 1940’s. Since Israel’s independence in 1948, the laws have been changed significantly, most recently and substantially when a new Companies Law was enacted in 1999. While the new law did make a number of improvements to make corporate governance less bureaucratic, and included an easier process for mergers, the system still lags behind Delaware in the ease of use and removal of hurdles in some layers of governance. A good example of this is written shareholders resolutions – in Israel (based upon UK law), a written resolution of shareholders is only effective if singed by all shareholders (without exception), the Delaware system allows for signature only by the majority required to pass such resolution where it to be submitted to a meeting of the shareholders. Mergers, while easier than previously, are still not as straightforward as in Delaware when an agreement and plan of merger can be effectively approved in one day. That being said, this has not proven to have a negative impact on the ability of companies incorporated in Israel from raising funds from foreign investors or from being sold or going public.
  • Public Market – Israel’s public market, the Tel Aviv Stock Exchange (TASE), is regulated by the Israel Securities Authority (the equivalent of the US Securities and Exchange Commission) and the rules and regulations of the TASE itself. Until fairly recently, the public markets have been largely divorced from the private technology industry – very few technology companies were traded on the TASE, all reporting, prospectuses and filings for Israeli companies on the TASE is in Hebrew whereas the tech world in Israel lives in English, and the departments within law firms for Israeli offerings and hi-tech work were largely separate. However, the last year has seen a significant increase in IPOs among the Israeli tech companies and has required a re-thinking of the prior separation of disciplines. It will be interesting to see whether the Israeli public markets will embrace the different business and revenue models typically seen in technology companies which would be a sign of distress in more traditional industries. Due to Israeli securities’ regulations, it does not seem that the path is yet open for technology companies not incorporated in Israel to list on the TASE, even if a large part of their operations are situated in Israel, although discussions are ongoing on this point. Finally, the TASE recently opened a new platform – TASE UP – which represents a platform for trading of shares in private companies among accredited investors through the TASE systems. Time will tell whether this platform will become popular among the sophisticated investor community.

Legal tech environment

Not surprisingly, the Israeli legal market long ago identified the hi-tech industry as a crucial part of the Israeli economy and a key part of its growth. All the largest law firms in Israel have significant tech practices coupled with M&A practices specialising in the tech world.

There is fierce competition among the top law firms for talent which can serve the technology market. It also seems that the tech sector is home to a larger number of mergers or talent hires among the law firms compared to the number of lawyers active in the area versus other areas of legal practice. Finally, according to all studies, lawyers in the tech sector earn more than their colleagues in other areas of practice.

If you have any questions regarding the above or would like more information, please contact Partner and Head of the Hi-tech Department, Daniel Chinn at DanielC@ayr.co.il.


Butcher, M. (2021, January 21) “Israel’s startup ecosystem powers ahead, amid a year of change”. Techcrunch.com

Ethosia – summarizing a decade of Israeli high-tech. (2020, January 6)

I.V.C. (in press). Israeli Tech Ecosystem, Overview: Entrepreneurs, Companies, Investors and Major Trends 2015–2020

Start-Up Nation Central (SNC) & Israel innovation authority. (2021). 2020 High-Tech Human Capital Report

Kesselman & Kesselman. (2020). The Exit Decade 2010- 2019

Beit-On, H., Meridor T. (2018, October 26). 100 Exits over 10 Years: Israel’s thriving M&A market in the Age of Diversification. Viola Group