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PWC MoneyTree Q3 2012 logo
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PWC MoneyTree Report Q3 2012: Israeli VC Investments Down 33%

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.
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Invest in Israel Newsletter – September 2012 Edition

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. Large US tech companies continue to open innovation and R&D centers in Israel - Apple with the acquisition of Anobit, eBay with the acquisition of the Gifts Project, Yahoo who bought Dapper and so on... See the headlines below.
Allen Lew Singtel
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Allen Lew, CEO, Group Digital life at SingTel: “Let Someone Else Be the Dumb, Fat, Pipe”

SingTel is the world’s second largest wireless group, owning all or part of 8 APAC wireless carriers and 462 million subscribers. In April, the company restructured into three business units- Consumer, ICT and Digital- naming Allen Lew to transform SingTel into a multimedia market leader. At the HTIA conference in Jerusalem last week, Allen discussed reinvention, Asian markets and areas of strategic opportunity.