PRINT THIS PAGE IVC survey Q1 200410/05/2004. Source: Israel Venture Capital Research Centre. 
In the first quarter of 2004, 111 Israeli high-tech companies raised $323m from venture investors. This represents a 31 per cent increase from the $246m raised by 96 companies in the previous quarter and a 53 per cent increase from the $211m raised by 86 companies in the first quarter of last year, according to the IVC Research Centre.
Communications companies represented the most active sector in the first quarter. A total of 27 communications firms attracted $108m of venture investment, 33 per cent of the total amount raised. Software followed with $89m raised by 27 companies, an increase of 65 per cent from the previous quarter and a 134 per cent increase from the first quarter of 2003.
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The IVC Research Centre is Israel's leading research centre specialising in analysis and monitoring of Israel's high-tech and venture capital industries. IVC's publications are used by major financial entities and government organizations in Israel and abroad. A comprehensive quarterly report based on survey results is available to IVC clients. For more details about VCs & High-Tech industry in Israel, please visit our website www.ivc-online.com or contact Koby Simana Tel: 972-3-640-2306. koby@ivc-online.com
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