For more Information: Efrat Zakai, Director of Research: IVC Research Center 972 -3-640-2337 Efrat@ivc-online


-FOR IMMEDIATE RELEASEIVC RESEARCH CENTER: CAPITAL RAISED BY ISRAELI VCs $1.1 BILLION IN 2007 Capital available for investment now at $2 billion $800 million projected to be raised by VCs in 2008
Tel Aviv, April 7, 2008. The following are data based on information published in the IVC 2008 Yearbook by the IVC Research Center, which for more than 12 years has been at the forefront of venture capital and private equity research in Israel. Additional details about venture capital fund raising will be available in the soon-tobe-published IVC 2008 Yearbook. In 2007, Israeli venture capital funds raised a total of $1.1 billion by vintage year*, twenty-one percent increase from the $903 million raised in 2006. Vintage 2007 funds include Pitango’s fifth fund – closed at $330 million; Pontifax II, which raised $85 million; 7Health Ventures, a new life sciences fund of $70 million; and Wanaka Capital Partners, fund of $45 million. In addition, six Israeli venture capital funds announced first closings in 2007. These include two new cleantech funds – AquAgro and Israel Cleantech – and a new medical device fund, Agate Investments. Included, too, are Aviv Venture’s second fund and two funds established by Israeli firms in partnership with foreign investors - SCP Vitalife and DFJ Tamir Fishman. According to IVC CEO Guy Holtzman, “The current economic climate is affecting both VC funds and high-tech companies. Still, the level of foreign institutional investor interest and activity continues high, and Israeli institutional investors are increasing their allocations to Israeli VC and private equity funds. Concurrently, uncertainty in the capital markets and the weakness of the dollar are causing Israeli high-tech companies to seek more funds in order to meet their financial needs.” In the past ten years, Israeli VCs attracted a total of $10.6 billion. According to IVC; $2 billion in capital is currently available for investment by Israeli VCs, of which $1.2 billion is intended for First investments in high-tech companies and the remainder reserved for Follow-on investments. $800 million is expected to be raised in 2008 by Israeli VCs for investment in Israeli high technology over the next few years. Capital Raised by Israeli VCs by Vintage Year*
Venture Capital 1998 653 1999 1,160 2000 2,712 2001 1,313 2002 497 2003 6 2004 585 2005 1,644 2006 903 2007 1,096

Source: IVC 2008 Yearbook- IVC Research Center * Vintage year – first capital call or first investment Including venture lending

-1Ramat Aviv Tower, 5 t h floor, 40 Einstein St., P.O.Box 17672, Tel Aviv 61172, Israel Tel . +972-3-640-2337 Fax. +972-3-6402351 E-mail : efrat@iv www.iv c-onl

Capital Raised by Israeli VCs by Vintage Year*

For more information:
IVC Research Center is Israel’s leading research center providing business leaders with an unmatched wealth of data on Israeli venture capital, private equity and high-tech industries. IVC products and services are used regularly by venture capital funds, private investors, high-tech companies, financial investors and institutions, as well as public entities such as the Office of the Prime Minister, the Central Bureau of Statistics, the Bank of Israel and the Office of the Chief Scientist. IVC publishes the most comprehensive guide to Israeli venture capital and high technology companies – the IVC Yearbook. Among IVC products and publications are the Quarterly Survey, which examines capital raising trends by Israeli high-tech companies; the quarterly Israel Venture Capital Journal (IVCJ), which reviews developments in the venture capital, private equity and high-tech industries; and a comprehensive online database ( containing over 5,500 Israeli high-tech companies, venture capital funds, investment companies and technology incubators, as well as news updates and lots more

For additional information, please visit: or contact Efrat Zakai, +972-3-640-2337 ,

-2Ramat Aviv Tower, 5 t h floor, 40 Einstein St., P.O.Box 17672, Tel Aviv 61172, Israel Tel . +972-3-640-2337 Fax. +972-3-6402351 E-mail : efrat@iv www.iv c-onl