Power in Diversity is publishing the startup Israeli ecosystem diversity report for the second consecutive year. For the first time, it included numbers showing the representation of both ultra-Orthodox and Arab individuals as well as women. This report is the result of an analysis based on data collected from 650 active Israeli venture-backed companies with over 50 employees in the country.
Women Constitute Only A Third Of High-tech Employees In Israel
PID was founded by Alan Feld, a partner at Vintage Investment Partners, and Kobi Samburksy and Shamri Dahan are co-chairs of the initiative. Additional VCs that support the initiative include Pitango, Viola, Vintage, Qumra, Glilot, NFX, SVB, Elah Fund, Maor investments, ReD Dot, DTCP, Grove, BRM, New Era, F2, 10D, Hetz Ventures, Hearst, and more.
Women Constitute Only A Third Of High-tech Employees In Israel
The study also examined the status of Arabs and the ultra-Orthodox in the startup ecosystem. Despite the fact that Arabs constitute 20% of Israel’s population, they represent only 0.2% of the startup industry. In the traditional tech industry, they hold a share of approximately 2-3%. Around 16% of Israeli Arabs hold degrees in STEM fields.
Women Constitute Only A Third Of High-tech Employees In Israel
It is estimated that only 0.4% of employees in startups are ultra-Orthodox. The majority of them are women.
Women Constitute Only A Third Of High-tech Employees In Israel
This year’s report also included a list of the five leading publicly traded diversified companies in the local ecosystem. Riskified led the way, followed by Payoneer, Outbrain, Fiverr, and monday.com.
Minute Media, Yotpo, and HiBob led the way for startups with over 500 employees; Tailor Brands, Syte, and Zencity, were the top three companies with between 100 and 500 employees; while Phone.do, Darrow, and RiseUp, were top of the pack among companies with between 50-100 employees.
“Especially these days, the discourse on inclusion, equality and acceptance should serve as a milestone in the conduct of all of us, especially companies in the high-tech industry, that is a source of innovation and progress,” said Shahar Silis, the CEO of Power in Diversity. “In the joint process of the initiative with the companies, we have repeatedly proven that a diversified company has a direct impact on profitability, growth and success. The companies that emphasize a healthy organizational culture are more stable companies that can deal with uncertainty more effectively. In the current climate, this is a significant advantage. Those who formulate a growth strategy based on DEI tools and exposure to different populations will reap the rewards when the market recovers, and reach the next peak stronger.”