80 start-ups raised an average of $4 million each.
Israeli venture capital-backed high tech companies raised an aggregate $319 million during the second quarter of 2007, reports the MoneyTree quarterly survey by PricewaterhouseCooper Israel - Kesselman and Kesselman. The amount raised in the second quarter was 4% greater than the $307 million raised during the preceding quarter and 6% more than the $300 million raised during the corresponding quarter of 2006.
The MoneyTree survey adds that 80 high-tech start-ups raised capital during the second quarter, compared with 81 during the preceding quarter. The average financing round rose to $4 million from $3.8 million.
Published by Globes [online], Israel business news - www.globes.co.il - on July 15, 2007
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