Venture capital funding in Israel’s high-tech sector slumped to its lowest level in five years in the first quarter of 2010. Companies raised $234m from domestic and international venture investors during the quarter, a 15 per cent drop on the final three months of 2009.
The capital raised was even 12 per cent below the first quarter of 2009, which had been the worst-performing for three years, until now.
Koby Simana, CEO of the Israel Venture Capital IVC Research Center, said, “Figures for the first quarter of 2010 emphasise that Israel's high-tech industry is still experiencing substantial difficulty. The decrease in the number of active Israeli VC funds and a reduced amount of capital available for investments were the main reasons for the decline in capital raising.”
To read the full, original article click on this link: Israeli high-tech venture experiences worst quarter in five years
Author: AltAssets
