Israels VC market rebounds

Filed in archive Venture Capital on December 3, 2003

Finally there are also some good news from israel's VC sector.

"In another sign of recovery, venture investment in Israeli high-tech companies has risen for three straight quarters, reaching $283 million in the most recent quarter, according to the IVC Research Center. However, that remains a far cry from the $1.1 billion raised in the same quarter three years earlier."

There is also an interesting portray about Plenus, an Israeli venture lender that provides loans and credit lines to start-ups.

"Companies are now asking for credit lines in order to defer the next financing round until their sales increase and their products are more mature," explains Weiss. "Most companies are raising down-rounds, but there's a difference between the value of a company with $5 million in current sales and its valuation in 18 months, when it has $15 million in sales."