According to the latest IVC Research report, $ 1.44 billion is the figure collected by 144 Israeli start-ups in the third quarter of 2017, up 14% to $ 1.27 billion in the previous quarter 2017 and up 54% from $ 933 million in the corresponding quarter of 2016. However, the number of agreements fell in the third quarter of 2017 to just over 140. 

The average financing round was $ 10 million in the third quarter of 2017, the highest in the last five years, compared to an average of € 8 million and € 6.7 million, respectively, in the previous quarter and the corresponding quarter of 2017.

In the first nine months of 2017, Israeli start-ups hit a record $ 3.8 billion in funding, equal to the corresponding 2016 period. However, the total number of bids – in total 457 agreements – fell to the lowest level of the last five years. The average financing round has grown steadily from $ 3.3 million in the first nine months of 2013 to $ 8.2 million in the corresponding period of 2017. According to IVC, “Data shows a decline in the number of transactions carried out in the first nine months of 2017. The IVC analysis found that most of this decrease was due to early seed operations.” In the third quarter of 2017, venture capital funds represented the highest quarterly figure over the past five years, with $ 1.2 billion collected in 89 agreements.

(ITALPRESS/MNA).

Source: medNews