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Summary of Israeli High-Tech Company Capital Raising – 2010

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Friday, January 21st, 2011

As reported by IVC:

Tel Aviv, Israel, January 17, 2011. The following are the findings of the IVC-KPMG Quarterly Survey conducted by the IVC Research Center in cooperation with KPMG Somekh Chaikin Israel. This Survey reviews capital raised by private Israeli high-tech companies from Israeli venture capital funds, foreign and other investors. The Survey is based on reports from 95 investors of which 48 are Israeli management companies and 47 are other – including foreign – investment entities. The Full Survey will be published in the IVC 2011 Yearbook to be published in April 2011. In 2010, 391 Israeli high-tech companies raised $1.26 billion from local and foreign venture investors. The amount raised was 13 percent above the $1.12 billion raised in 2009, but 39 percent below the $2.08 billion raised in 2008. (Chart 1). In the fourth quarter, 100 Israeli high-tech companies raised $344 million from venture capital funds and other venture investors – both local and foreign. The amount was up slightly from the $341 million raised in the third quarter of 2010, and 25 percent above the $275 million raised in the last quarter of 2009. The average company financing round was $3.44 million in Q4 2010, just under $3.55 million of the previous quarter, and sharply above the $2.22 million of the fourth quarter 2009. Sixty-five companies attracted more than $1 million each. Of these, three companies raised more than $20 million each, six companies raised $10 million to $20 million each, and nine companies raised from $5 million to $10 million each.

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