IVC: Start-up fund raising down 15% in Q1
Israeli start-ups raised $483 million in the first quarter of 2012.
Israeli venture capital funds invested $119 million in Israeli companies during the first quarter, 10% less than the amount invested in the preceding quarter, and 13% less than invested in the corresponding quarter. Israeli venture capital funds accounted for 25% of total investment in the first quarter, up from the 23% share in the preceding quarter, but less than the 28% share in the corresponding quarter.
Investment without the participation of Israeli venture capital funds totaled $236 million in the first quarter, 49% of total transactions, the highest share in a decade.
First investments by Israeli venture capital funds accounted for 48% of their total amount invested in the first quarter, the highest percentage in the last four years.
IVC Research Center CEO Koby Simana said, "Total investments by Israeli venture capital funds are still relatively low compared to the past, however both in the fourth quarter of 2011 and the first quarter of 2012, we noted that nearly half of the funds’ investments went toward first investments - i.e. new portfolio companies. The data is not enough to point to a new trend yet, but these are certainly encouraging news for the Israeli high-tech industry."
Published by Globes [online], Israel business news - www.globes-online.com - on April 23, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
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