Israeli web2.0 startups getting major investments, new record reached
Posted on September 18, 2007 • By Rebecca Markowitz
Category: Business, Technology |
CNN Money reports that investments in web2.0 companies reached over $465 million in the first half of 2007, a growth of 7% from last year, making the amount a new record. Israel and Europe are responsible for most of this growth, reports a recent DowJones and Ernst & Young LLP study.
CNN Money says, “Israeli Web 2.0 companies had their best showing to date, raising US$15 million in five deals in the first half, up from two deals and US$5 million invested in all of 2006.”
See our previous posts about Israeli web2.0 startups here and here
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[...] Israelplug.com relayed that CNNMoney is reporting how Europe and Israel are responsible for most of the 2007 global increase in Web2.0 investment (for which Israel is better). [...]