• $265 million raised in Q1, a 33% decrease from Q4 2008 levels
  
• First Investments by Israeli VCs continue to decline
  

In the first quarter of 2009, ninety three Israeli high-tech companies raised $265 million from venture investors – both local and foreign. The amount raised was 57 percent below that raised by 135 companies in the year-earlier period

• Israeli high-tech mergers and acquisitions valued at $2.64 billion
  
• Average acquisition falls to $31 million
  
• No IPOs were made by Israeli high-tech companies
  

Vintage 2008* Israeli venture capital funds raised a total of $793 million since January 2008, 30 percent less than the $1.14 billion raised in 2007. A number of funds completed their capital raising efforts, including Carmel III with $235 million, Gemini V with $150 million and Cedar III with a $100 million fund.