Israel-based Venture Capital Funds
Summary of Capital Raising and Investments in Israeli Hi-Tech Companies During 1999
During 1999, private Israeli hi-tech companies raised a total of $1.003 billion from both Israeli venture capital funds and other investors. This represents a new record for capital raised by Israeli companies in a single year, shattering the $600 million raised in 1998 with a 67% increase this year. Just two-years ago, in 1997 only $430 million was raised
Of the $1.003 billion raised by Israeli hi-tech private companies, local venture capital funds invested $432 million, 43% of the total amount raised by companies for the year. This marks a 27% rise from 1998's figure of $340 million. In 1997 Israeli venture funds invested $240 million.
The remaining $571 million invested in Israeli hi-tech companies came from non Israeli venture funds such as, foreign venture capital funds and companies, Israeli and non-Israeli institutional investors and angel investors.
Throughout 1999, Israeli venture capital funds increased their level of investments from quarter to quarter. During Q4/99 Israeli funds invested $134 million, 77% more than they invested during Q1/99.
The capital invested in Israeli hi-tech companies by non Israeli venture funds also increased from quarter to quarter, from $100 million in Q1/99 to $200 million in Q4/99, a 100% increase.
330 companies raised capital from VC funds during 1999. 70 companies raised capital from VCs during Q1/99 and 104 companies raised money from VCs in Q4/99 showing the steady increase over the year.
The most active sector in 1999 for Israeli hi-tech companies was the Internet. The Israeli Internet sector raised a total of $328 million. During Q4/99, Internet companies raised $115.1 million, similar to the level of investment in Internet companies during Q3/99.
The Communications sector raised a total of $290.5 million during 1999. During Q4/99, $94.4 million was invested in Israeli Communications companies, a 28% increase from the level of investment in the sector during Q3/99.
There was a sharp increase in the Israeli Software sector during Q4/99 with $62.4 million invested in Israeli software companies. The figure represents a 136% increase over Q3/99 figures when only $26.6 million was invested in Israeli software companies.
The Israeli Life Sciences sector was characterized as having been relatively stable during 1999. Investments in this sector ranged between $26-$40 million each quarter. Israeli Life Sciences companies raised a total of $134.7 million during the year.
10 Israeli venture funds invested over $15 million over the course of the year. Of these ten funds, eight of them invested even over $20 million during 1999. The combined investments of these 10 funds for the year was $258 million which comprises 60% of the total amount Israeli venture capital funds invested during 1999.
Initial estimates show that Israeli venture capital funds raised $900 million during 1999, a 35% increase from 1998 when $668 million was raised. In 1997 $712 million was raised.
(The survey is based on the figures reported by 58 Israeli venture capital funds, managed by their 50 management companies, as well as the IVC-Online databases.)
see - Israel Venture Capital Online
Ampal-American Israel Corporation (Bank Hapoalim group)
Apax-Leumi Partners
2 Weizmann St., POB 33031, Tel Aviv 61330 Tel: 972 3 696 5990 Fax: 972 3 696 5977 E-mail: info@apax.co.il
Arie Razel Development & Management (1992)
Textile House, 2 Kaufman St., POB 50065, Tel Aviv 61500 Tel: 972 3 516 7525 Fax: 972 3 516 7524 E-mail: j_elaad@netvision.net.ilManages Sadot Research and Development Fund, which is listed on the Tel Aviv Stock Exchange.
Biomedical Investments Ltd.
Golda House, 23 Shaul Hamelech St., Tel Aviv 64367 Tel: 972 3 696 6557 Fax: 972 609 5322 E-mail: biomedical@biomed.co.ilInvestment areas: Medical equipment, biotechnology
BRM - The Venture Knowledge Group
Hamarpe 8, POB 45065, Har Hotzvim, Jerusalem 91450 Tel: 972 2 589 1444 Fax: 972 2 589 1445 Email: info@brm.com
CA~IB
The Investment Bank of Bank Austria
Israeli Representative Office: c/o Dr. Ron Berger, Gaon Holdings Ltd., 11 Tuval St., Ramat Gan 52522 Tel: 972 3 612 3601 Fax: 972 3 612 3305 E-mail: ron@gaon.comCA~IB is especially interested in bringing Israeli firms to EASDAQ, through IPOs and SPOs, and in financing of projects in CEE countries.
Cedar Israel Financial Advisors
9 Keren Hayesod St., POB 505, Herzliya 46105 Tel: 972 9 957 7227 Fax: 972 9 957 7228 E-mail: info@cedar.co.ilCedar Fund
The Challenge Fund
1 Hashikma St., POB 55, Savyon 56530 Tel: 972 3 535 7711 Fax: 972 3 534 0155
Clal Venture Capital
Migdal Atidim Building 4 Floor 17, Kiryat Atidim POB 58177 Tel Aviv 61581 Tel: 972 3 765 0302 Fax: 972 3 765 0303 E-mail: hillelm@clal.co.ilClal Biotechnology
Tel: 972 3 765 0306 Fax: 972 3 765 0329
Clalit Capital & Investments
5 Druyanov St., Tel Aviv Tel: 972 3 526 3370 Fax: 972 3 528 0769 E-mail: Manpikim@netvision.co.ilClalit Capital Fund
Comverse Investments
Efrat-Comverse House, 23 Habarzel St., Ramat Hachayal, Tel Aviv 69710. Tel: 972 3 645 4910 Fax: 972 3 645 4916 E-mail: comin@icomverse.comComSor Investment Fund
Concord Venture Fund
11 Galgaley Haplada St., Bldg. 3, POB 12226, Herzliya Pituah 46733 Tel: 972 9 951 3422 Fax: 972 9 951 3423 E-mail: erela@concord-ventures.co.il
Corex Industries Management
Corex Building, Maskit St., Herzliya Pituah 46733 Tel: 972 9 957 2777 Fax: 972 9 957 2772 E-mail corex@corex.co.il
Danbar Technologies
1 Krementsky St., Tel Aviv 67899 Tel: 972 3 562 2322 Fax: 972 3 562 2323
DCL Technologies
20 Galgaley Haplada, POB 2031, Herzliya Pituah 46120 Tel: 972 9 958 4684 Fax: 972 9 954 3917 E-mail: bennyd@dcl.co.il
Dovrat, Shrem Group
37 Shaul Hamelech Ave., POB 33388, Tel Aviv 64928 Tel: 972 3 695 3144 Fax: 972 3 695 3137 E-mail: tomer@trendline.co.ilCanada Israel Opportunity Fund; CMS/DS Israel Fund; Dovrat, Shrem Skies '92 Fund; Dovrat, Shrem Founders Group; Dovrat Shrem Rainbow Fund; Horizon Fund;
DZ Israel Associates
51 Weizmann St., Tel Aviv 62081 Tel: 972 3 695 3536 Fax: 972 3 695 2445 E-mail: zirko@netvision.net.ilIsrael Industrial Resources
E. Shalev Management
Top Tower, 50 Dizengoff St., POB 23722, Tel Aviv Tel: 972 3 526 2644 Fax: 972 3 526 2696 E-mail: office@optlv.co.ilGenesis Partners (I)
Eurofund
99 Hayarkon St., Tel Aviv 63432 Tel: 972 3 520 2447 Fax: 972 3 527 0041 E-mail: betha@netvision.net.il
Evergreen Canada Israel Investments
Evergreen House, 96 Rothschild Blvd., Tel Aviv 65224 Tel: 972 3 710 8282 Fax: 972 3 8210 E-mail: ksnir@evergreen.co.ilAtid; Evergreen International Investments; HarbourVest; IJT Technologies; Periscope Fund; The Harvest Fund; Yarok Ad Partnership for Capital; Yarok Az
Affiliated with Robertson Stephens & Company
First Israel Mezzanine Investors
31 Yavne St., Tel Aviv 65792 Tel: 972 3 566 1050 Fax: 972 3 566 1055 E-mail: fimi@internet-zahav.netFIMI
Focus Capital Group
1 Hashikma St. Savyon 56530 Tel: 972 3 535 6667 Fax: 972 3 535 0708 E-mail: info@fcg.co.il
Foraz Research and Development Fund
23 Efal Street, POB 3227, Kiryat Aryeh, Petach Tikvah 49511 Tel: 972 3 921 0090 Fax: 972 3 921 0089
Galram
POB 14, Haifa 31000 Tel: 972 4 877 1117 Fax: 972 4 879 4415Affiliated with Rafael Development Corporation.
Gemini Capital Fund Management
11 Galgalei Haplada St., POB 12548, Herzliya 46733 Tel: 972 9 958 3596 Fax: 972 9 958 4842 E-mail: hazel@gemini.co.ilGemini Israel Fund; Gemini Israel II
Ramat Aviv Tower - 12th floor, 40 Einstein St., POB 17672, Tel Aviv 61172 Tel: 972 3 640 2323 Fax: 972 3 640 2300 Email: office@giza.co.il
ABS GE Capital Giza Fund in cooperation with BT Alex. Brown and GE Capital Corporation.
HK Catalyst
10 Hayetsira St. POB 2197 Ra'anana 43650 Tel: 972 9 741 3140 Fax: 972 9 741 3240 E-mail: hk@hkcatalyst.com
IF The International Fund (Advisors)
Aviv Towers Tower A, 46 Petach Tikva Rd., Tel Aviv 66184 Tel: 972 3 687 9484 Fax:972 3 687 9485 E-mail: iif@netvision.net.ilThe Israel International Fund
Affiliated with Hambro America Securities
Integrated Technologies of Israel Ltd
Aviv Towers Tower A, 46 Petach Tikva Rd., Tel Aviv 66184 Tel: 972 3 639 7850 Fax: 972 3 639 7851Jointly owned by Israel Aircraft Industries and a group of Israeli and US entrepreneurs, bankers and industrialists.
Investment Company of Bank Hapoalim (Poalim Investments)
Interface Group - Israel
Diamond Tower, 3A Jabotinsky St., Ramat Gan 52520 Tel: 972 3 613 1994 Fax: 972 3 613 1990
Inventech
Shalom Mayer Tower, 9 Ahad Haam Street, Tel Aviv Tel: 972 3 517 5273 Fax: 972 3 517 5275 E-mail: 100264.2577@compuserve.comInventech Industrial Ventures
Israel R&D Corporation
4 Weizmann St., Tel Aviv 61336 Tel: 972 3 697 2857 Fax: 972 3 695 3177
Israel Seed Partners
64 Emek Refaim St., Jerusalem Tel: 972 2 561 2090 Fax: 972 2 561 1955 E-mail: info@israelseed.com
Isratech Management Company
11 Cross Keys Close, London W1M 5FY, England Tel: 44 171 935 2070 Fax: 44 171 935 2680
c/o Reico, 27 Montefiore St., POB 4060, Tel Aviv 61040 972 3 525 2701 Fax: 972 3 525 2703 E-mail: reico@ibm.net
Jerusalem Global
RMPE Building, Har Hotzvim, POB 45129, Jerusalem 91450 Tel 972-2-572-2222 Fax 972-2-572-2255 Email: info@jerusalem-global.com
Jerusalem Venture Partners Management
Jerusalem Tech Park, Bldg. 1, Malha, Jerusalem 91487 Tel: 972 2 679 7270 Fax: 972 2 679 7273 E-mail: erel@jvp.co.il
Jerusalem Pacific Ventures; Jerusalem Venture Partners LPKentech Ventures
Twin Towers One Jabotinsky 33, 13th Floor Ramat Gan 52511 Tel: 972 3 612 1113 Fax: 972 3 612 1121 E-mail:info@kentech.co.il
Levy Trajman Management Investment
Link Technologies
520 E. Ocean Centre, 98 Granville Rd., Tsim Shatsui, Kowloon Hong Kong Tel: 852 2827 9497 Fax: 852 2827 0837 E-mail: fwars@st.rim.or.jp
Marathon Venture Capital Fund
Yahalom Tower, 3A Jabotinsky Rd., Ramat Gan 52520 Tel: 972 3 613 4010 Fax: 972 3 613 4011 E-mail: marathon@inter.net.il
MATI High Tech
3 Tel Hai St., Ra'anana 45403 Tel: 972 9 760 2716 Fax:972 9 760 2245 E-mail: ibg@ibg.co.il
Medica Venture Partners
Textile Center, 3 Kaufman St., Tel Aviv 61500 Tel: 972 3 516 0577 Fax: 972 3 516 0576 E-mail: mvp@netvision.net.ilMedica Investments (US & Israel)
Medmax Ventures
City Gate II, 22B Ben Gurion St., Herzliya 46785 Tel: 972 9 951 1990 Fax: 972 9 951 1992 Email: noammed@ibm.net
Millenium Materials Fund Management Co.
POB 414, Yavne 81103 Tel: 972 8 942 8168 Fax: 972 8 942 7746 E-mail: gafri@netvision.net.il
Mofet Venture Capital Fund Management
Dizengoff Center, Top Tower, POB 23770, Tel Aviv 61231 Tel: 972 3 528 7775 Fax: 972 3 528 7773 E-mail: rani@mofet.co.il
Moriah Venture Capital Management
Beck Center,POB 45010, Har Hotzvim, Jerusalem 91450 Tel: 972 52 821 906 Fax: 972 4 834 7071 E-mail: eslonim@netvision.net.ilMoriah Early Stage Venture Capital Fund
MTC (Migdal Ha'emek Technological Center)
Investment areas: Printing, medical equipment, communications, and more
Neurone Investment Management
2A Habarzel St., POB 58151 Tel Aviv 61580 Tel: 972 3 765 7258 Fax: 972 3 765 7255 E-mail: amidotan@neurone.co.ilNeurone Venture Capital Fund
Ofer Technologies
2 Hanamal St., POB 1755, Haifa 31016 Tel: 972 4 861 0610 Fax: 972 4 862 9458 E-mail: yarmut@netvision.net il
Omega VC Management
5 Druyanov St., Tel Aviv 63143 Tel: 972 3 526 3166 Fax: 972 3 528 0769
Pamot Rehovot Advisors
Weizmann Institute Campus, POB 2439, Rehovot 76123 Tel: 972 8 936 5431 Fax: 972 8 946 0484 E-mail: pamot@netvision.net.ilPamot has a first right of refusal on investment in projects being developed at the Weizmann Institute of Science
Beit Europa, 37 Shaul Hamelech Ave. Tel Aviv 64928 Israel, Tel: 972-3-609-0790, Fax - 972-3-609-0791, E-Mail:polaris@polarisvc.co.il
ProSeed
Tel: 972 3 560 0111 Fax: 972 3 560 5958 E-mail:mail@proseed.co.ilProSeed calls itself "the angels' venture capital fund", and investment units are from NIS 200,000.
Quantum Investment Company Ltd.
Eliahu House, 2 Ibn Gvirol, Tel Aviv 64077 Tel: 972 3 695 4318 Fax: 972 3 695 4348 E-mail: yudi@glelaw
Rafael Development Corporation (RDC) Ltd.
14 Bet Hashoeva Lane, Tel Aviv 65814 Tel: 972 3 567 2888 Fax: 972 3 566 0167 E-mail: rubenk@rdc.co.il
Renaissance Management Ltd.
Hadar Dafna House, 37 Shaul Hamelech Blvd., Tel Aviv 64928 Tel: 972 3 691 2163 Fax: 972 3 695 5149
R&R GE Investment House Ltd.
10 Dubvnov St., Tel Aviv 64733 Tel: 972 3 609 4390 Fax: 972 3 609 4391 Email:info@r-r.co.il
Sadot R&D Fund
SBRC Investment Consultation Ltd.
3 Daniel Frisch St., Tel Aviv 64731 Tel: 972 3 695 0666 Fax: 972 3 695 0222 E-mail: sbim@gold.net.il
Shirat Enterprises Ltd.
Eliahu House, 2 Ibn Gvirol, Tel Aviv 64077 Tel: 972 3 696 8224 Fax: 972 3 695 3847 E-mail: shirat@netvision.net.il
Steps (Tzeadim) Investments in Technology Ltd.
9 Ahad Ha'am St., Tel Aviv Tel: 972 3 519 3443 Fax: 972 3 517 5336 E-mail: meir@steps-ventures.com
SVM Star Venture Capital Management Ltd.
11 Galgaley Haplada St., Herzliya Pituah 46733 Tel: 972 9 951 2888 Fax: 972 9 951 2889 E-mail: mail@star-ventures.comStar Venture Enterprises; Star Management Investment (German-Israeli funds)
Synergy Fund Management Co.
Europe House, 37 King Saul Blvd., Tel Aviv 64928 Tel: 972 3 691 8072 Fax: 972 3 696 7147 E-mail: moti_ma@netvision.net.ilStrategic Venture Fund, founded by major Japanese trading firm Tomen Corporation.
Tamir Fishman Eucalyptus Ltd.
Alrov Tower,46 Rothschild Blvd., Tel Aviv 66883 Tel: 972 3 566 3360 Fax: 972 3 566 3389 E-mail: m_aaron@eucalyptus.co.ilEucalyptus Ventures
Technorov Holdings
37 Shaul Hamelech Boulevard, Tel Aviv 64928 Tel: 972 3 695 9780 Fax: 972 3 695 0489 E-mail: techrov@internet-zahav.netAl-Rov Technologies (1983) Ltd; Technorov Holdings (1993) Ltd
Teuza Management and Development Ltd
49 Hahistadrut Boulevard, POB 25266 Haifa 31250 Tel: 972 4 872 8788 Fax: 972 4 872 9393 E-mail: teuza@trendline.co.ilTeuza A Fairchild Technology Venture Ltd
Trinet Investment in High Tech Ltd
28 Baruch Hirsh St., Bnei Brak 51202 Tel: 972 3 618 7979 Fax: 972 3 618 7980
Vectory Investment Company Ltd
13 Mozes St., Tel Aviv 67442 Tel: 972 3 696 0111 Fax: 972 3 696 2022 E-mail: reuben@netvision.net.il
Veritas Venture Capital Management
91 Medinat Hayehudim St., POB 2074, Herzliya Pituah 46120 Tel: 972 9 956 1621 Fax: 972 9 956 1619 E-mail: mailto:rann@veritas.co.ilAnglo American Veritas Ltd; Millenium Capital Ltd
Has some notable IPOs to its name, including Mercury Interactive, ESC Medical Systems, and Zoran
Vertex Israel
1 Hashikma St., POB 89, Savyon 56530 Tel: 972 3 535 7621 Fax: 972 3 535 7622 E-mail: etimor@vertexmgt.co.il
Walden Israel
11 Galgaley Haplada st., Bldg 3, 3rd Floor, POB 12057, Herzliya Pituah 46733 Tel: 972 9 951 3460 Fax: 972 9 951 3461 E-mail: office@walden.co.il
YLR Investment Management
Yahalom Tower, 3A Jabotinsky St., Ramat Gan 52520 Tel: 972 3 613 4242 Fax: 972 3 613 4243 E-mail: ylr@mail.actcom.co.ilCharterhouse-YLR Investments; Primavera Investments (owned 50% by Koor)
YVC - Yozma Management & Investments
40 Einstein St., Tel Aviv 69102 Tel: 972 3 643 7766 Fax: 972 3 643 7888 E-mail: yozma @netvision.net.il
Zannex Capital Management
33 Bezalel St., Ramat Gan 52521 Tel: 972 3 753 2023 Fax: 972 3 753 2022 E-mail: yoavm@zannex.co.ilAG Tech Fund; Zannex Capital Development Ltd
Joseph Richter
Attorney-at-Law
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