According to the IVC Research Center, there was a 30 percent decline in money raised by VC funds in 2012, raising $670 million. Three major funds Sequoia V, Pitango VI and Magma III, were responsible for 74 percent of the money raised, raising $450 million.
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Israeli-American company ClickSoftware Technologies Ltd., a provider of automated workforce management and optimization solutions for the service industry, has announced its financial results for 2012. The company has reported annual revenue of $100 million, a 15 percent growth from 2011 and an all-time record for the company.
The startup nation has hit another peak, with 2012 being a record year for startup exists. Accounting firm PwC reports that over the year, Israeli companies have made exits totaling at over $5.5 billion. According to PwC, 2012 had fewer exits than previous years, but the average exit was much higher than usual – a record $111 million.