March 11, 2009, Updated September 24, 2012

IVC Research Center: Israeli VCs will raise $300m more in 2009Israeli venture capital funds raised a total of $793 million in 2008, reports the IVC Research Center, 30 percent less than the $1.14 billion raised in 2007. A number of funds completed their capital raising efforts, including Carmel III with $235 million, Gemini V with $150 million and Cedar III with a $100 million fund. During 2008, a number of Israeli venture capital funds announced first closings for a total of over $300. Israeli VC veterans Giza Venture Capital and Jerusalem Venture Partners, with their fifth funds, and Genesis Partners, with its fourth fund, each announced first closings of $100 million. Over the past 10 years, Israeli venture capital funds have attracted about $11 billion. According to IVC, about $1 billion in capital is currently available for investment by Israeli venture capital funds, of which $400 million is intended for first investments in high-tech companies and the remainder reserved for follow-on investments. IVC predicts Israeli venture capital funds will raise an additional $300 million in 2009 for investment in Israeli high technology over the next few years. More information about capital raised by Israeli private equity funds not included in this review, such as Fortissimo II, Israel Secondary Fund, Vintage IV Fund of Funds, or Viola Private Equity that raised nearly $400 million in 2008 combined, as well as detailed information about capital raised by other Israeli funds, will be available in the IVC 2009 Yearbook, The Israel High-Tech & Venture Capital Directory, due out this April.

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Jason Harris

Jason Harris

Executive Director

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