Israeli web2.0 startups getting major investments, new record reached

Posted on September 18, 2007 • By Rebecca Markowitz
Category: Business, Technology 193Comments2007-09-18+09%3A51%3A59Rebecca+Markowitz

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

Share and Enjoy:

If you would like to make a comment, please fill out the form below.

Comments

Israeli Web2.0 Jobs Could Be Yours September 19, 2007 10:47 pm

[...] 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). [...]

About israelplug

israelplug is Web 2.0 meets news on Israeli innovation. Fresh, fascinating, and often funny content written by our passionate team of contributors will keep you updated on the latest innovations in Israel. Your level of involvement here can range from reading, to commenting, to writing articles. Learn more»