July 20, 2017 | Israeli startup and high-tech companies raised $1.3 billion in the second quarter of 2017 – the second largest amount in five years, according to a report by IVC Research Center and ZAG S&W International Law Firm. Similarly, the average financing round hit $8 million which is second only to the exceptional second quarter of 2016, when the average was $8.8 million. These record-setting numbers were attained because deals above $20 million rose in 2017’s second quarter with 21 deals accounting for 55 percent of the total amount. The life sciences sector is responsible for raising the most capital during the first half of 2017, with a whopping $622 million. Venture capital-based deals attracted more capital than usual, up 12 percent from the quarterly three-year average.