Globes, Statista publish list of fastest growing companies in Israel
Israeli tech is experiencing a downturn even as the Israeli government is working to attract new workers to the sector.
The Israeli news outlet Globes has published its annual list of the fastest growing companies in Israel.
Globes’ list is based on data from the German market data firm Statista, which used the companies’ compound annual growth rate to rank them. Globes also set a criteria of a minus three million new Israeli shekel revenue ($880,000) in 2021.
The Israeli hospitality and travel company Holisto topped the list. Holisto announced a merger with the Moringa Acquisition Corp in June to become publicly traded on the Nasdaq in New York. The merger must be completed by Jan. 1, and Holisto stock is not yet available on the exchange.
Globes reported in September that less Israeli firms are merging with special purpose acquisition companies with the goal of becoming publicly traded. This is due to a decline in share prices of tech firms, according to the outlet.
