Haredi High-Tech Startups Raise $62 Million, Show 93% Survival Rate After Acceleration Program

Since 2019, 53 startups founded by Haredi entrepreneurs participating in the BizLabs acceleration program have raised over $62 million, with half already operating in international markets. The program, launched by the Kamach Fund, Jerusalem Development Authority, and Achim Global, was created in response to research showing that 94% of Haredi-founded startups closed within a year after their first investment. BizLabs supports early-stage entrepreneurs by helping them develop their ideas, grow their companies, find investors, and build sustainable businesses. The startups show a remarkable 93% survival rate one year after completing the program.

The seventh cycle of BizLabs included eight Haredi entrepreneurs working in fields such as artificial intelligence, digital health, fintech, e-commerce, and business software solutions. At the program’s closing event, the participants presented their ventures to investors and industry leaders. Among them, Abraham Yosef Perster, CEO of DoNext, shared his journey from traditional Hasidic education to founding a company that helps nonprofits leverage digital tools. He emphasized maintaining his Hasidic identity while succeeding in business despite challenges.

Co-founder Shira Haberman Kaminsky of TabuFy described her transition from a classic Haredi educational path to entrepreneurship. Her startup addresses a widespread problem by converting complex land registry documents into accessible data, saving time and improving business decisions. She highlighted the difficulties of balancing family life with launching a startup and praised BizLabs for providing essential guidance, connections, and strategic thinking that transformed their initial idea into a viable business with active customers.

The program’s success demonstrates the growing integration of Haredi entrepreneurs into Israel’s high-tech ecosystem, breaking stereotypes and expanding economic opportunities within the community.