Israeli VCs Raise Over $1B According To IVC-KPMG Report

January 5, 2015 | Today IVC and KPMG released their annual Israeli Venture Capital Fund Raising Report for 2015, which found that Israeli VC funds raised collectively $1.02 billion, a decrease from the $1.2 billion raised in the previous year. Four established funds, including the 83North $204 million closing announcement, raised 59 percent of the the total capital, while six new growth funds emerged, including Jerusalem Venture Partners’ $80 million fund and Pitango’s $250 million fund. The report estimates that at the beginning of 2016, over $2 billion, raised by Israeli venture capital funds is available for investments. Of this amount, a little over $500 million is earmarked for first investments. The remainder is reserved for follow-on investments. With nearly $1 billion expected to be raised in 2016, IVC and KPMG believe that more than $700 million may be available for first investments over the coming year.