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What our members have to say...
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"We just paid the fee on the Midwest Investment Network a couple of days ago in order to get in contact with three interested parties. It's a great resource for people in our position. "
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Dave Andrews - CEO of The Syzygy Network |
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Israeli VC investment reaches pre-crisis level
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Israeli venture capital backed companies raised $342 million in the first quarter of 2011, according to the quarterly pwc Israel MoneyTree Report, double the amount raised in the corresponding quarter of 2010, and 34% more than raised in the preceding quarter. This was the largest amount raised since the collapse of Lehman Brothers in September 2008.
83 Israeli venture capital-backed companies raised in the first quarter, up from 72 in the corresponding quarter and 74 in the preceding quarter. The average investment in a company rose to $4.1 million in the first quarter from $2.4 million in the corresponding quarter and $3.5 million in the preceding quarter.
The largest amount of capital - $75 million - was invested in Internet start-ups in the first quarter; the largest quarterly amount ever invested in this sector. Three investments accounted for 65% of the total.
pwc Israel partner, High-Tech Assurance Practice, Rubi Suliman said, "In this quarter we saw a record number of exits by venture capital backed companies, which is no wonder given that the number of investments has grown and returned to the investment levels before the credit crisis. We haven’t yet seen the peak of the current period. We can expect to see a large number of Israeli and foreign follow-on funds bring new money to Israeli high-tech investments in the coming year and to develop the next generation of companies for the coming decade."
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