Half of all Israeli venture capital funds did not invest in Israel in 2010, a 42% increase over the number of non-investing VC funds in 2009, a report by the Israel Venture Capital Association released this week reveals.
Of the 75 new investments in Israel over the course of 2010, 69% were by Israeli VC funds, led by Evergreen Venture Partners, which made six new investments, and Battery Ventures and Pontifax Fund, which each made five new investments. Gemini Israel Funds, Genesis Partners, Cedar Fund, and Carmel Ventures made four new investments each, while Pitango Venture Capital made three new investments in 2010.
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