In the first quarter of 2011, 140 Israeli high-tech companies raised $479 million from local and foreign venture capital investors, the highest quarterly amount raised in the last two years.
The figure is 39 per cent more than was raised by 100 companies in the previous quarter and 105 per cent above the amount raised by 91 companies in the equivalent quarter of 2010, which was the weakest quarter in the past five years.
The average company financing round in the first quarter of this year was $3.42 million, just short of the $3.44 million of the previous quarter, and sharply above the $2.57 million of the first quarter of 2010.
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