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Israeli venture capital fundraising down to $473m last year from $1.46bn in 200514/03/2007. Source: AltAssets. 
 Israeli venture capital funds raised only $473m in 2006, representing a 67 per cent decline from the $1.46bn raised in 2005, according to the Annual Survey of Israeli Venture Capital Fund Raising, conducted by IVC Research Center.
Funds that raised capital in 2006 included Evergreen V ($135m, first closing), Magnum II ($105m) and Greylock Partners' first Israel-focused fund ($150m). Seven other venture capital funds announced first closings during 2006 for a total of $83m. They include Infinity III, Peregrine II, Evolution Fund I, two new cleantech funds: H2Tech and Terra, and a new Web 2.0 fund, called Jerusalem Capital.
IVC estimates that there is currently $1.5bn in capital available for investment by Israeli venture capital firms. An additional $700m is expected to be raised this year by Israeli VCs for investment in Israeli high technology.
Zeev Holtzman, chairman of IVC Research Center and Giza Venture Capital, said, 'It is expected that the next capital raising cycle of the leading Israeli VC funds - the fifth cycle since 1992 - will start later this year and will reach its peak in 2008. It is expected too that all the remaining VC funds - those that last raised capital in 2000 and 2001 - will also try to raise follow-on funds. Therefore, capital raised in vintage 2007 is most likely to be higher than in 2006. Currently, capital available for investment by Israeli funds equals two years investment, a markedly shorter period than in the US, indicating that there is no oversupply of capital in the Israeli market.'
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