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Most Active Venture Capital Funds of 2006: Pitango and Gemini.


TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel -- IVC IVC
abbr.
inferior vena cava
 Research Center:

* Number of First Investments by top 10 funds show stability

* 32% of First Investments in Seed

* 34% in Software Companies

IVC Research Center has released its compilation of 2006's most active Israeli venture capital funds Venture Capital Funds

An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential.

Notes:
. The ranking was made by the number of First Investments in 2006. Data are based on the IVC Online Database and information received directly from the VC funds. The report relates to investments made in Israeli, Israel-related and foreign high-tech companies by Israeli management companies that had a minimum of $30 million under management.

Pitango topped the 2006 most active funds list with 10 First Investments. Gemini, ranked second with nine First Investments. Benchmark Israel and Carmel ranked third with eight First Investments, followed by Genesis with seven, Evergreen and Sequoia sequoia (sĭkwoi`ə), name for the redwood (Sequoia sempervirens) and for the big tree, or giant sequoia (Sequoiadendron giganteum), both huge, coniferous evergreen trees of the bald cypress family, and for extinct related species.  Israel with six and Cedar, Giza and Vertex with four each. All leading management companies on the list, except for Cedar, raised new funds in the past three years.

Pitango, Gemini and Giza were the most consistent seed investors, each with four. Benchmark Israel was the most sector-focused fund of the ten, investing five of its eight First Investments in the Software sector.

Four of Gemini's nine First Investments focused on the Internet sector, while Carmel, Pitango and Vertex invested in three Communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D.  each.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 IVC General Manager Guy Holtzman, "For 2007, we are forecasting stability in new early stage investment activity by Israeli VC funds. Competition among VC themselves, as well as with private investors, is pushing company valuations higher, especially in the Internet and new media sectors."

Star, JVP JVP Janatha Vimukthi Peramuna (People's Liberation Front, Sri Lanka)
JVP Jewish Voice for Peace
JVP Jugular Venous Pressure
JVP Junge Volkspartei (Young Austrian People's Party)
JVP Junior Vice President
, Pontifax and Infinity, that ranked in the top 10 most active funds in 2005, are missing from 2006's top ranked firms.

IVC Research Center is Israel's leading research center providing business leaders with an unmatched wealth of data on Israeli venture capital, private equity and high-tech industries. Among IVC products and publications are the Israel Venture Capital Journal (IVCJ), IVC Yearbook and online database containing over 5,000 Israeli high-tech companies, venture capital funds, investment companies, as well as news updates.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 12, 2007
Words:346
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