Israel Tech Firms Score $1B in Investment Cash
Graphic by Angelie Zaslavsky
Israeli high-tech firms raised $930 million in the second quarter of 2014, the sector’s strongest quarter in more than a decade.
The figure, drawn from a survey by the Israeli Venture Capital Research Center and financial firm KMPG, was the highest quarterly figure since 2000 and an increase of 109 percent from one year ago.
Combined with the results from the first quarter of this year, Israeli high-tech firms raised $1.6 billion in the first half of 2014, which the research center calls “the strongest capital raising period on record for Israel’s high-tech industry.”
The strong quarter was led by a $135 million investment in Landa Digital Printing by the Altana Group, a German investment company. Life science firms raised more than any other sector, drawing $251 million in capital.
The data indicate the continuation of a recent investment surge in the Israeli tech sector. In 2013, Israeli high-tech firms raised $2.3 billion, the most in a decade, according to Reuters.
This is a moment of great uncertainty. Here’s what you can do about it.
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.
This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.
With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.
The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.
Support our mission to tell the Jewish story fully and fairly.
