Funding for start-ups was up 19% on the corresponding quarter.
The Israeli venture capital industry invested $361 million in 39 transactions during the third quarter of 2007, 19% more than in the corresponding quarter of 2006, states the Ernst & Young and Dow Jones VentureOne’s survey of global venture capital investment.
VentureOne reports a 95% increase in early-stage investment in the third quarter, compared with the corresponding quarter. It says that 17 early-stage start-ups raised an aggregate $113 million, compared with the $58 million raised by 13 early-stage start-ups in the corresponding quarter. This finding contradicts the finding by the PricewaterhouseCooper’s MoneyTree report for the third quarter, which states that 13 early-stage start-ups raised an aggregate $36 million, less than the amount raised in the corresponding quarter.
Published by Globes [online], Israel business news - www.globes.co.il - on October 23, 2007
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