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Israeli Startup Funding Up (Slightly) in Q2

Israeli high-tech companies raised $279 million from VCs around the world in the second quarter, according to the Israel Venture Capital Research Center. That’s a full 40% less than the $465 million that 115 startups raised in the second quarter of last year, but it’s 5% more than the country’s startups attracted in the first quarter of 2009.

The IVC also reports this morning that that despite the slight uptick in committed capital, Israeli venture firms themselves will also raise less this year than last – by a lot. In 2008, they secured $793 million in capital commitments. This year, the IVC predicts local firms will raise around $300 million.

Go to the IVC’s website for more info.