July 19, 2017
Israeli high-tech firms raised $1.26 billion in the second quarter of the year, the second-highest quarterly amount in the past five years, IVC Research Center and law firm Zysman Aharoni Gayer & Co. (Zag S&W), which track the industry, said in a new report.
The money was raised by 157 tech companies in Israel. In the second quarter of 2016, 194 firms raised a total of $1.7 billion, the highest amount in five years.
The number of deals in the second quarter of this year, though slightly above the 155 deals reported for the previous quarter, remained 4 percent below the two-year average of 164 transactions, the report said.
The average financing round grew in the second quarter of 2017, reaching $8 million, compared with the $6.8 million average of the previous quarter, second only to the exceptional $8.8 million average in Q2/2016.
The first half of 2017 was the second-highest ever in terms of capital raising, as 312 Israeli high-tech companies attracted $2.3 billion, just below the strongest first half of 2016, when $2.8 billion was raised in 368 deals. Even so, the first half of this year showed a slight drop in terms of the number of deals, which was 8% lower than the corresponding past four-year average.
Read More: http://www.timesofisrael.com/israel-tech-firms-raise-1-26-billion-in-2q-2017/