The Q3 2010 MoneyTree report for Israel was published yesterday with somewhat encouraging results: VC investments in Israel continue to grow and some $253 million were invested in VC-backed tech companies in the third quarter, representing a 23% increase compared to the previous quarter and a 42% compared to the same period last year which only saw $178 million invested.
The amount raised was similar to $343 million raised by 104 companies in the previous quarter, and 13 percent above $303 million raised by 108 companies in the third quarter of 2009.
Vote on the top Israeli startups 2010 as suggested by members of the Israeli startup industry on Quora. Simply select your three top choices and leave your email to get notified of the results.
Vodafone's venture capital arm made a strategic minority investment in Israeli startup Perfecto Mobile joining previous backers Carmel Ventures and Vertex Venture Capital who invested $7 million ten months ago. The sum of the round was undisclosed, but sources in the Israeli media estimate it at $4-5 million.
The proposal will enable investors in startups to receive tax write-offs on investments for high-tech companies who spend at least 70% of their salaries in Israel. The new law is part of broader reforms to boost the high-tech sector, led by Dr. Yuval Steinitz, Israel's minister of finance and his ministry's director general, Haim Shani
Israeli high tech firms have reached the lowest financial point in five years, says IVC Research in its latest press release. According to the Q1 2010 report, Israeli companies managed to raise $234 million from both Israeli and foreign venture…
Amidst a 72% decline in funds raised by Israeli venture capital funds in 2009, Battery Ventures announced the completion of its new fund, BV-9, totaling $750 million. This is one of the largest funds raised in the first quarter of 2010 as VC funds struggle to raise money due to poor performance and low liquidity.
On Sunday November 15th, Said Business School at Oxford University is hosting a one day conference focusing on the impact of the Global economic crisis on Israel.
Palo Alto-based kaChing, the investing talent marketplace, is poised to become a key agent for disruption of the managed funds industry through its service which democratizes access to investing talent.
08 Israeli high tech companies raised a total of $303 million in Q3, according to the latest report conducted by the IVC Research Center.
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