According to a report by English-language news agency for Israel and Middle East Haaretz.com, the venture capital sector of Israel has been seen falling behind in a race to capitalize on the surge of the high-tech industry in Israel.
Founder and chairman of research firm IVC Online and of Giza Venture Capital Zeev Holtzman said, "Israeli VC funds are in a slump in terms of the amount of capital managed. Only a handful will manage to raise new funds in the next year or two. Foreign funds will fill the resulting vacuum."
