121 Israeli start-ups raised $460 million from Israeli and foreign venture capital funds during the first quarter of 2007.
IVC Research Center reports that Internet start-ups raised a five-year record of capital during the first quarter of 2007. 13% of the capital invested was in seed rounds.
121 Israeli high-tech start-ups raised $460 million from Israeli and foreign venture capital funds during the first quarter of 2007, 15% less than the $477 million raised by 105 start-ups during the preceding quarter, but 13% more than the $360 million raised by 101 start-ups during the corresponding quarter of 2006.
Telecommunications start-ups raised the largest amount of capital, by sector, during the first quarter - 33 companies raised $124 million, 30% of the total amount raised. Life sciences start-up were in second place - 20 companies raised $68 million, 16% of the total amount raised. Internet start-ups were in third place - 17 companies raised $64 million, 16% of the total amount raised, compared with 4% in the preceding quarter and 6% in the corresponding quarter of last year.
Published by Globes [online], Israel business news - www.globes.co.il - on April 22, 2007
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