High-tech companies raise $842m. in first half. In the second quarter
of 2006, 118 Israeli high-tech companies raised $436 million from
venture investors - both local and foreign. The amount was up 7
percent from $406 million raised by 121 companies in the previous
quarter, and 8 percent ahead of the $404 million raised by 109
companies in the second quarter of 2006. In the first half of 2007,
capital raised was $842 million, up 10 percent from H1 2006 levels.
The average high-tech financing round was $3.7 million, up 9 percent
from both the previous quarter and the second quarter of 2006.
Eighty-one companies attracted more than $1 million. Of these, 15
companies raised $5 million to $10 million each, and 12 companies
raised more than $10 million each.
In the second quarter of 2007, Israeli VCs invested $193 million in
Israeli companies, an increase of 13 percent from the previous
quarter ($171 million) and 25 percent above Q2 2006 levels of $154
million. In the first half of 2007, Israeli VCs invested $364 million
in Israeli companies, an increase of 10 percent from H1 2006 ($331
million).
The Israeli VC share of the total amount invested in Israeli
high-tech was 44 percent in the second quarter, with the remainder of
capital coming from foreign investors as well as non-VC Israeli
investors.
"H1 figures indicate 2007 may set a five-year record with high-tech
investments reaching $1.7 billion," said Zeev Holtzman of Giza
Venture Capital. India,