TEL AVIV (MarketWatch) – Israel’s venture-capital industry rebounded in the first quarter, with the country’s startups raising $479 million, the most in two years and double the figure of the year-earlier quarter. The latest funding figure compared with $234 million a year earlier, which was the weakest quarter in five years, according to a report by the Israel Venture Capital Research Center, a trade group for the VC industry, and by the accounting and consulting firm KPMG Somekh Chaikin.
In the latest period, 140 companies raised money, compared with 91 a year earlier. The average financing round was $3.4 million, about a third more than $2.6 million a year earlier.
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