PRINT THIS PAGE Israeli venture investment activity up five per cent in second quarter14/07/2004. Source: AltAssets. 
 The value of venture capital investment in Israeli high-tech companies increased by five per cent in the second quarter of 2004, according to the latest Israeli Venture Capital Research Centre survey. A total of $338m was invested in 111 companies by domestic and foreign venture investors, up five per cent from the previous quarter and 25 per cent from the same period last year.
'These latest figures indicate the recovery of Israel's high-tech sector continued in the first half of 2004,' said Efrat Zakai, director of research at the IVC. 'We are forecasting that full year venture capital raising by Israeli firms will reach $1.2bn in 2004. That is almost a 20 per cent increase from 2003 levels.'
The communications sector led the second quarter, with 32 companies attracting $123m, 36 per cent of the total amount invested. But the life sciences sector showed a decrease in investment activity, with 15 companies raising $40m, 33 per cent less than that invested in the previous quarter.
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