15.04.2011 11.Nisan, 5771
First quarter saw the most fundraising by start-ups in two years, bringing in $479m. in fresh capital; much from foreign investors.
Israeli high technology may be on the cusp of a recovery and the industry can thank foreign investors for it, figures on venture capital investment released on Wednesday by the IVC Research Center showed.
Israeli technology start-ups raised $479 million in fresh capital in the first quarter of 2011, the biggest three-month total in two years and double the amount they raised the same time in 2010, according to the IVA, which tracks the industry. Some 140 companies took in new investment, 49 more than the first-quarter 2010….