Israeli high-tech companies raised an all-time annual high of $4.8 billion in 2016, 11 percent above the $4.3 billion raised in 2015, a new report by IVC Research Center and attorneys Zag-S&W shows.
The average financing round, which has been constantly rising over the past five years, reached $7.2 million in 2016, 19% above the $5.1 million five-year average.
In the fourth quarter of 2016, there was an 8% decline in investments compared with the same period a year earlier, along with a drop in the number of transactions. In Q4 2016 high-tech companies raised $1.02 billion in 151 transactions, compared with the $1.11 billion garnered in 202 deals in the last quarter of 2015. The average financing round stood at $6.7 million in Q4 2016, similar to the past two-year quarterly average of $6.6 million.
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