In the second quarter of 2005, 98 Israeli high-tech companies raised $387 million from venture investors - both local and foreign (Chart 1). The amount was up 11 percent from the $350 million raised by 102 companies in the previous quarter and was 14 percent higher than the $338 million raised by 91 companies in the second quarter of 2004. In the first half of 2005, capital raised was $737 million, up 15 percent from H1 2004 levels.