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For more Information:

Efrat Zakai, Director of Research:


IVC Research Center
972 -3-640-2337
Efrat@ivc-online.com
www.ivc-online.com

-FOR IMMEDIATE RELEASE-

IVC RESEARCH CENTER: CAPITAL RAISED BY ISRAELI VCs

$1.1 BILLION IN 2007

Capital available for investment now at $2 billion

$800 million projected to be raised by VCs in 2008


Tel Aviv, April 7, 2008. The following are data based on information published in the
IVC 2008 Yearbook by the IVC Research Center, which for more than 12 years has
been at the forefront of venture capital and private equity research in Israel.
Additional details about venture capital fund raising will be available in the soon-to-
be-published IVC 2008 Yearbook.
In 2007, Israeli venture capital funds raised a total of $1.1 billion by vintage year*,
twenty-one percent increase from the $903 million raised in 2006.
Vintage 2007 funds include Pitango’s fifth fund – closed at $330 million; Pontifax II,
which raised $85 million; 7Health Ventures, a new life sciences fund of $70 million; and
Wanaka Capital Partners, fund of $45 million.
In addition, six Israeli venture capital funds announced first closings in 2007. These
include two new cleantech funds – AquAgro and Israel Cleantech – and a new medical
device fund, Agate Investments. Included, too, are Aviv Venture’s second fund and two
funds established by Israeli firms in partnership with foreign investors - SCP Vitalife and
DFJ Tamir Fishman.
According to IVC CEO Guy Holtzman, “The current economic climate is affecting both
VC funds and high-tech companies. Still, the level of foreign institutional investor interest
and activity continues high, and Israeli institutional investors are increasing their
allocations to Israeli VC and private equity funds. Concurrently, uncertainty in the capital
markets and the weakness of the dollar are causing Israeli high-tech companies to seek
more funds in order to meet their financial needs.”
In the past ten years, Israeli VCs attracted a total of $10.6 billion. According to IVC; $2
billion in capital is currently available for investment by Israeli VCs, of which $1.2 billion
is intended for First investments in high-tech companies and the remainder reserved for
Follow-on investments. $800 million is expected to be raised in 2008 by Israeli VCs for
investment in Israeli high technology over the next few years.
Capital Raised by Israeli VCs by Vintage Year*
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Venture Capital 653 1,160 2,712 1,313 497 6 585 1,644 903 1,096
Source: IVC 2008 Yearbook- IVC Research Center
* Vintage year – first capital call or first investment
Including venture lending

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Ramat Aviv Tower, 5 t h floor, 40 Einstein St., P.O.Box 17672, Tel Aviv 61172, Israel
Tel . +972-3-640-2337 Fax. +972-3-6402351 E-mail : efrat@iv c-online.com www.iv c-onl ine.com
Capital Raised by Israeli VCs by Vintage Year*

For more information: www.ivc-online.com


IVC Research Center is Israel’s leading research center providing business leaders with an unmatched
wealth of data on Israeli venture capital, private equity and high-tech industries. IVC products and services
are used regularly by venture capital funds, private investors, high-tech companies, financial investors and
institutions, as well as public entities such as the Office of the Prime Minister, the Central Bureau of
Statistics, the Bank of Israel and the Office of the Chief Scientist. IVC publishes the most comprehensive
guide to Israeli venture capital and high technology companies – the IVC Yearbook. Among IVC products
and publications are the Quarterly Survey, which examines capital raising trends by Israeli high-tech
companies; the quarterly Israel Venture Capital Journal (IVCJ), which reviews developments in the venture
capital, private equity and high-tech industries; and a comprehensive online database (www.ivc-online.com)
containing over 5,500 Israeli high-tech companies, venture capital funds, investment companies and
technology incubators, as well as news updates and lots more

For additional information, please visit: www.ivc-online.com or contact


Efrat Zakai, +972-3-640-2337 , efrat@ivc-online.com

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Ramat Aviv Tower, 5 t h floor, 40 Einstein St., P.O.Box 17672, Tel Aviv 61172, Israel
Tel . +972-3-640-2337 Fax. +972-3-6402351 E-mail : efrat@iv c-online.com www.iv c-onl ine.com