Pitango, Gemini named Israel's most active VCs in '06

IVC listed its top 10 most active VC funds, which made 65 first investments last year, slightly above the 2005 level of 63 and 23 percent higher than the 53 investments of 2004.

By AVI KRAWITZ
February 13, 2007 07:19
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Pitango and Gemini were the most active Israeli venture capital funds in 2006 having made the most first investments, the Israel Venture Capital Research Center said Monday. IVC listed its top 10 most active VC funds, which made 65 first investments last year, slightly above the 2005 level of 63 and 23 percent higher than the 53 investments of 2004. "For 2007, we are forecasting stability in new early stage investment activity by Israeli VC funds," said IVC general manager Guy Holtzman. "Competition among Vs themselves, as well as with private investors, is pushing company valuations higher, especially in the Internet and new media sectors." Topping the 2006 list, Pitango made 10 first-time investments in companies followed by Gemini with nine, Benchmark Israel and Carmel with eight each and Genesis in fifth place with seven. The bottom half was made up by Evergreen and Sequoia Israel with six investments each and Cedar, Giza and Vertex with four each. Nine of the companies, Cedar being the exception, raised new funds in the past three years, the IVC said. The 2006 list was notably different from the previous year with four new entries after Star, Pontifax, Infinity and JVP all dropped out of the top 10. By sector, the software industry attracted the highest number of first investments by the most active funds in 2006 taking 22 of the deals, followed by the communications sector with 18 investments, Internet with 14, other technologies with eight and life sciences with three. Twenty-one of the investments were in seed-stage companies, 33 were in R&D stage companies, and 11 were in later stages companies, the IVC said.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS