Qodo Credits Qumra Startup List for Tenfold Revenue Surge and $70 Million Series B

Context Qumra Capital releases a yearly list named "Tomorrow's Growth Companies" that spotlights Israeli startups in advanced growth stages. The fund begins the selection process about six months before publication, reviewing hundreds of companies and checking financial data, founder interviews, and customer references for accuracy. Over seven years, Qumra has published the list and built a community of about 70 leading technology companies. The 2026 edition, unveiled in New York as part of the Calcalist and Leumi conference events, includes eleven firms that the fund says demonstrated resilience despite war-related pressures. The list is often cited by venture capitalists as an early-stage indicator of potential growth.

Key Facts After appearing on the 2025 list, Qodo reported its revenue grew tenfold over the past year. Its workforce expanded from 50 to 120 employees, and it added enterprise customers Box and Red Hat. Shortly afterward, Qodo closed a $70 million Series B funding round, with Qumra leading the investment. Itamar Friedman, Qodo's chief executive, said the round reflected the mutual respect established during the fundraising process.

What It Means The sequence illustrates how a curated startup list can act as both a credibility signal and a gateway to capital and partnerships. For Qodo, the listing preceded measurable growth in revenue, headcount, and client acquisition. Other investors may watch whether Qumra's list continues to correlate with similar outcomes for its selected companies. The fund's managing partner, Erez Shachar, emphasizes that the selection process prioritizes accuracy and begins half a year ahead of publication.

Analysts will track the next Qumra list release to see if its selections continue to attract comparable investment inflows.