A new report by IVC Research center, ranks the most active VC funds in Israel according to their first money investments. Carmel Ventures topped the list with 11 new investments followed by Horizons Ventures. In total, 90 VC funds in…
We've been hearing that Israeli VC funds struggle to raise follow on funds, but the extent of their demise is now becoming clearer, and gloomier. A new report released by IVC Online, highlights that Israeli Venture Capital funds raised $607 million in 2012, 30% down from the previous year
VC Cafe turned seven! in this post I cover the journey of starting VC Cafe, the highs and downs along the way, and the path I followed to evolve it from a news reporting blog to a site that provides founders with practical advice.
Groucho Marx could have been talking about the Israeli hi-tech sector when he said “I made a killing on Wall Street a few years ago…I shot my broker”. In 2012, as Israeli exits topped $5.5 billion, there was reason to celebrate but plenty of cause for concern.
As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors. For the Invest in Israel archive, click here. With the news on the 33% in Q3 decline of Israeli venture capital, we hear about the announcement of Sequoia dedicating $200 million and ICQ Ventures allocating $150 million for investments in Israel. Will the startup nation weather its funding "Sandy" storm? See the headlines below.
Last week PWC released its quarterly moneytree report on the state of the venture capital industry in Israel. The top line figures indicate a 33% decline in VC investments in Q3, reaching $171 million compared to $255 million in the previous year. The main reason stated is the decline in availability of local VC funding. Overall in the first 3 quarters of 2012, Israeli companies raised $591 million, compared to $904 million in the equivalent period in 2011.
According to the latest IVC-KMPG quarterly survey published today, in the first quarter of 2012, venture capital investments in Israel rached $483 million, up slightly from the amount invested in Q1/2011. 144 Israeli high-tech companies raised $483 million from Israeli and foreign venture investors, 15% below $569 million raised by 124 companies in the previous quarter, but almost equal to $479 million raised by 140 companies in Q1/2011.
As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors. For the Invest in Israel archive, click here. COMMUNICATIONS GIANT ARRIS…
IVC Online and KMPG have released their summary of venture capital raising for Q2 2011, in Israel. 285 companies raised $1.048 Billion in the first half of 2011, an 82% increase compared to the $577 million raised in the equivalent period in 2010. In Q2 alone, 145 Israeli companies raised $569 million from both local and foreign VCs.
Zeev Holtzman, founding partner of Giza Venture Capital and founding member of the Israel Venture Association (IVA), cautioned that “Israel’s venture capital and startup industry is heading for collapse. The industry, which is the economy’s growth engine, is liable to be irreversibly damaged", in a recent interview to the Venture Capital Journal
