In the first quarter of 2005, 102 Israeli
high-tech companies raised $350 million from
venture investors - both local and foreign. The
amount was down four percent from the $366
million raised by 113 companies in the previous
quarter and was eight percent higher than the
$323 million raised by 111 companies in the first
quarter of 2004. "Israeli companies raised an
average of more than $350 million per quarter
since the start of 2004," said Efrat Zakai,
Director of Research at IVC. "We are projecting
that $1.5 billion will be raised by Israeli
high-tech firms in 2005."
The average company financing round increased by
six percent from the previous quarter and 18
percent from the first quarter of 2004 to $3.4
million. Sixty-eight companies attracted more
than $1 million. Of these, 16 companies raised
between $5 million and $10 million each and five
companies raised more than $10 million each.
This Survey, conducted with the cooperation of
the Israel Venture Association (IVA), reviews
capital raised by private Israeli high-tech
companies from Israeli venture capital funds and
from other investors. The Survey is based on
reports from 105 venture investors of which 58
are Israeli management companies and 47 are other
- mostly foreign - investment entities.