Israeli Cyber Exits Tracker
166 exits tracked · Updated in real-time
Ask the Data
— ask any analytical question about the 166 tracked exitsTotal Exits
166
deals tracked
Total Value
$96.7B
cumulative
Average Exit
$292M
2026 mean deal size
Median Exit
$100M
50th percentile
Avg. Yrs to Exit
5.3
founding → exit
Exit Size Distribution by Year
| Year | # Exits (≥ $500M) | # Exits ($200M-$499M) | # Exits ($100M-$199M) | # Exits (≥ $100M) | # Exits (ALL) | Exits Above $100M / Total Exits |
|---|---|---|---|---|---|---|
| 2026 | 50% | |||||
| 2025 | 48% | |||||
| 2024 | 64% | |||||
| 2023 | 52% | |||||
| 2022 | 24% | |||||
| 2021 | 50% | |||||
| 2020 | 25% | |||||
| 2019 | 35% | |||||
| TOTAL | — |
Exit Size Summary by Year
| Year | Total Exit Size ($M) | Lowest - Highest Exit $ | Median Exit Size ($M) | Average Exit Size ($M) | ||
|---|---|---|---|---|---|---|
| 2026 | $6,723 | 3 - 2400 | $100 | 0% | $292 | -90% |
| 2025 | $66,685 | 10 - 32000 | $100 | -25% | $2,899 | 1315% |
| 2024 | $4,507 | 20 - 900 | $133 | 15% | $205 | -40% |
| 2023 | $7,485 | 10 - 3600 | $115 | 163% | $340 | 240% |
| 2022 | $1,603 | 5 - 500 | $44 | -70% | $100 | -48% |
| 2021 | $3,832 | 16 - 700 | $145 | 48% | $192 | -52% |
| 2020 | $3,206 | 30 - 1600 | $98 | -1% | $401 | 82% |
| 2019 | $2,638 | 5 - 890 | $99 | — | $220 | — |
| TOTAL | $96,679 | — | $100 | $581 |
48% of every $100M+ exit since 2019 rode in on nothing more than seed or Series A fuel.
Zoom out and it's still 64% — most exits since 2019 happened before startups ever needed a big war chest.
The trend's only sharpening: 50% of 2026's $100M+ exits came from Seed or A-funded companies.
Exits by Last Round Series
| All Exits | All $100M+ Exits | |
|---|---|---|
| Seed | 63 38% of total | 13 17% of total |
| A | 44 27% of total | 23 31% of total |
| B | 24 14% of total | 18 24% of total |
| C | 11 7% of total | 10 13% of total |
| D+ | 8 5% of total | 8 11% of total |
| Other/Unknown | 16 10% of total | 3 4% of total |
| 166 | 75 |
Majority Stage of Exits by Year
| Year | Majority Stage of Exits ≥ $100M | Majority Stage of All Exits |
|---|---|---|
| 2026 | A 12 exits · Seed: 1 · A: 5 · B: 4 · C: 0 · D+: 2 | Seed 24 exits · Seed: 10 · A: 8 · B: 4 · C: 0 · D+: 2 |
| 2025 | Seed 12 exits · Seed: 4 · A: 3 · B: 1 · C: 0 · D+: 2 | Seed 25 exits · Seed: 12 · A: 5 · B: 1 · C: 0 · D+: 2 |
| 2024 | Seed / A / B 14 exits · Seed: 4 · A: 4 · B: 4 · C: 2 · D+: 0 | Seed 22 exits · Seed: 10 · A: 6 · B: 4 · C: 2 · D+: 0 |
| 2023 | A 12 exits · Seed: 2 · A: 5 · B: 2 · C: 2 · D+: 1 | Seed 23 exits · Seed: 8 · A: 7 · B: 3 · C: 2 · D+: 1 |
| 2022 | B 4 exits · Seed: 0 · A: 1 · B: 2 · C: 1 · D+: 0 | Seed 17 exits · Seed: 9 · A: 1 · B: 4 · C: 2 · D+: 0 |
| 2021 | A / B 11 exits · Seed: 0 · A: 4 · B: 4 · C: 1 · D+: 2 | A 22 exits · Seed: 4 · A: 10 · B: 4 · C: 1 · D+: 2 |
| 2020 | C 4 exits · Seed: 1 · A: 0 · B: 0 · C: 2 · D+: 1 | Seed 16 exits · Seed: 6 · A: 4 · B: 1 · C: 2 · D+: 1 |
| 2019 | C 6 exits · Seed: 1 · A: 1 · B: 1 · C: 2 · D+: 0 | Seed 17 exits · Seed: 4 · A: 3 · B: 3 · C: 2 · D+: 0 |
| Change | Late → Early | Stayed consistent |
Last Round Series Share by Year
| Year | Undisclosed | Seed | A | B+ |
|---|---|---|---|---|
| 2026 | 0% | 42% | 33% | 25% |
| 2025 | 20% | 48% | 20% | 12% |
| 2024 | 0% | 45% | 27% | 27% |
| 2023 | 9% | 35% | 30% | 26% |
| 2022 | 6% | 53% | 6% | 35% |
| 2021 | 5% | 18% | 45% | 32% |
| 2020 | 13% | 38% | 25% | 25% |
| 2019 | 29% | 24% | 18% | 29% |
| Change 2019–2026 | -Infinityx | 2x | 2x | -1x |
Last Round Series Share Trend
- Undisclosed
- Seed
- A
- B+
Median Years to Exit
| Exits < $100M | Exits >= $100M | All Exits | |
|---|---|---|---|
| 2026 | 4.0 | 5.0 | 4.5 |
| 2025 | 4.5 | 4.5 | 4.5 |
| 2024 | 3.0 | 4.0 | 3.5 |
| 2023 | 3.0 | 4.0 | 3.0 |
| 2022 | 6.0 | 6.0 | 6.0 |
| 2021 | 5.0 | 6.0 | 5.0 |
| 2020 | 4.0 | 6.0 | 5.0 |
| 2019 | 4.0 | 4.0 | 4.0 |
| Change from 2019-Now | 0% | +25% | +13% |
Time to Exit (# Years) vs Exit Size
- Exits < $100M
- Exits >= $100M
Exits by Founding Era
Click any number to see the deals behind it
Majority VC Origin by Year
| Year | Seeded (≥ $100M) | Seeded (ALL) | Follow-On (≥ $100M) | Follow-On (ALL) |
|---|---|---|---|---|
| 2026 | Foreign VC | Israeli VC | Foreign VC | Foreign VC |
| 2025 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2024 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2023 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2022 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2021 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2020 | Israeli VC | Israeli VC | Foreign VC | Foreign VC |
| 2019 | No Majority | Israeli VC | Foreign VC | Foreign VC |
How to Interpret the Data
Are the majority VCs that funded those startups headquartered in Israel or outside of Israel?
Exit:Funding Multiple by Exit Size
There is a decrease of 60% for exits at or larger than $100M. This means, the same amount of funding is generating 60% less in exit dollars YoY.
For exits below $100M, the same amount of funding generated 8% less in exit dollars YoY.
| Year | Median Exit:Fundraising Multiple (≥ $100M) | Median Exit:Fundraising Multiple (< $100M) | Difference |
|---|---|---|---|
| 2026 | 5.3× | 2.8× | -2.5× |
| 2025 | 13.4× | 3.0× | -10.4× |
| 2024 | 6.5× | 6.3× | -0.3× |
| 2023 | 6.5× | 7.1× | +0.6× |
| 2022 | 6.9× | 4.4× | -2.5× |
| 2021 | 5.5× | 5.8× | +0.4× |
| 2020 | 7.7× | 7.0× | -0.7× |
| 2019 | 7.6× | 5.0× | -2.6× |
| Median | 6.8× | 4.5× | |
| YoY Change | -60% | -8% | |
| Change from 2019-Now | -31% | -44% |
How to Interpret the Data
How many dollars fundraised did it take for you to see one exit dollar?