The University of Tel Aviv is in 8th place in the world to produce entrepreneurs with an undergrad degree from the university and has started to find startups with considerable capital, according to a recent report from Pitchbook, a research agency on private capital markets .
The report ranks multiple university programs on categories such as undergrad, MBA, exits and unicorns, with reference to companies valued at more than $ 1 billion. The data was collected between 2006 and June 2018, spread over approximately 12 and a half years.
According to Pitchbook, 640 entrepreneurs from the undergraduate program at the University of Tel Aviv, with 531 companies that have raised almost $ 8 billion in funding over the years.
In the same category that ranked the best 50 undergrad programs, the Technion-Israel Institute of Technology ranked number 14 and produced 468 entrepreneurs who raised 395 companies with $ 7.2 billion. The Hebrew University of Jerusalem came in 35th with 304 entrepreneurs, 268 companies and 4.31 billion dollars with increased capital.
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But TAU was the only non-American university in the top 10. The top spot went to Stanford University (with 1,178 entrepreneurs), followed by the University of California, Berkeley and Massachusetts Institute of Technology (MIT). Harvard University and the University of Pennsylvania closed the top five.
Pitchbook went on to name the top five Israeli companies, with raised capital, set up by entrepreneurs with an undergraduate degree from TAU: Houzz, the Israeli-American interior design agency said valued at more than $ 4 billion; Signifyd, the San Jose-based company that has developed fraudulent detection technology at company level and raised $ 185 million in capital; BlueVine, a company that has developed payment solution technology for small businesses and has raised almost $ 600 million; Trax Image Recognition, which uses the computer vision for retail technology and retrieves nearly $ 300 million; and Next Insurance, which offers online insurance companies and has raised more than $ 130 million.
In the top 25 of the MBA program category, Tel Aviv University came in 13th with 233 entrepreneurs and 221 companies. The top five Israeli companies with venture capital raised in this category are Houzz, BlueVine, IronSource, a leader in monetization and distribution of $ 1.5 billion, Stratoscale, a Herzliya-based cloud computing startup with a revenue of nearly $ 70 million, and Gigya, the customer identity technology company, was taken over for $ 350 million last year by SAP, the largest software company in Europe.
In the unicorns category, TAU is in ninth place in the top MBA program with two companies of Israeli entrepreneurs worth more than $ 1 billion (Houzz, IronSource).
The university also came on the 19th for producing serial entrepreneurs with an undergrad degree from TAU. Pitchbook defined a serial entrepreneur as "an entrepreneur who set up two or more separate companies that collected a first round of venture financing within the set term."
For the number of exit categories, TAU is in eighth place for alumni with an undergrad diploma (118 entrepreneurs) and 11th for alumni with an MBA who have left. The Technion came in 11th place for producing entrepreneurs who sold or had acquired their companies.
Pitchbook explained that networks that have been developed while at university are "a key component" in the professional and personal domain.
"The opening up of networks may remain the most familiar possibility to not only find the right people to start a new company, but also the right suppliers of the required capital," according to the research firm in his report.
The largest university in Israel
With more than 30,000 students, half of them in master or doctoral programs, Tel Aviv University is the largest in Israel. The public research university has nine faculties, 17 academic hospitals, 18 performing arts centers, 27 schools, 106 departments, 340 research centers and 400 laboratories.
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In 2017, TAU was among the top 10 universities of applied sciences worldwide to have graduated the most founders of unicorns, according to the British company Sage, which ranked the Israeli institution at number eight.
That same year the university was one of the three Israeli universities ranked in the 100 most innovative universities in the world.