Israeli venture capital funds were back to capital raising in 2011, after two very difficult years. No capital had been raised by Israeli funds in 2010, and only $256 million was raised in 2009, a 76 percent drop from 2008 levels. The $796 million raised in 2011 was a much needed breath of air for the local industry, though well short of amounts raised in vintage 2007-2008.
Seven funds that raised capital in 2011 are considered “micro funds.” These funds, with less than $30 million under management, invest small sums and generally focus on early stage candidates. Micro funds raised a total of $87 million in 2011, nearly 11 percent of total capital raised last year.
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