99 software start-ups raised capital. 278 new Israeli software start-ups were founded in 2004-06.
IVC reports a 59% increase in the amount of capital raised by Israeli software start-ups in 2006: 99 start-ups raised $352 million. Software start-ups raised $221 million in 2005.
Software start-ups accounted for 22% of total capital raised, the same proportion as in 2004, compared with 17% in 2005. 45% of investment in software start-ups, $145 million, was in enterprise software start-ups and 31%, or $108 million, was invested in enterprise infrastructure start-ups.
IVC says 278 new software companies were founded in 2004-06.
Giza Venture Capital chairman Zeev Holzman said, “The reason for the sharp increase in software investment is the improvement in revenue and profits of global software companies, the increasing number of mergers and acquisitions and in the size of the deals.”
Published by Globes [online], Israel business news - www.globes.co.il - on February 28, 2007
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