Seventy-four hi-tech companies raised some $350 million in venture funds during the third quarter, about 10 percent more than 80 companies raised in the second quarter and 39% above the levels raised by 66 companies in the third quarter of 2006, the accounting firm Kesselman & Kesselman, PriceWaterhouseCoopers said in a Money Tree report on Sunday.
"The investments that we have seen in Israeli hi-tech companies and the developments that they have made testify to the strength of the venture capital sector in this country," said Joseph Fellus, a partner, advisory and hi-tech practice leader at Kesselman & Kesselman, PwC. "We will continue to see higher numbers in terms of VC money invested in Israeli hi-tech as long as the companies here continue to perform like they are now." For full article, click on the link below...
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