FILED UNDER SOMETHINGISRAELI >> Business
In the second quarter of 2006, 109 Israeli hi-tech companies raised USD 404 million from venture investors – both local and foreign, The IVC Research Centre reported.
According to IVC, the amount was up 12 percent from USD 360 million raised by 101 companies in the previous quarter, and four percent ahead of the USD 387 million raised by 98 companies in the second quarter of 2005.
In the first half of 2006, capital raised was USD 764 million, up four percent from levels in the first half of 2005.
The report revealed that the average hi-tech financing round was USD 3.7 million, up four percent from the previous quarter and down six percent from the second quarter of 2005. Sixty-nine companies attracted more than USD 1 million. Of these, 21 companies raised USD 5 million to USD10 million each, and 13 companies raised more than USD 10 million each.
"The interest foreign investors are showing is growing, and we have been witnessing a revival in foreign investments and investments by investment firms and private investors," said Guy Holtzman, IVC's CEO.
Reproduced with permission: Ynet