Background – We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during the first half of 2012. Our survey does not include financing rounds of less than US $500,000. The tables below also show, for purposes of comparison, the results of our previously released surveys.

• Financing Round – The financings closed in H1 2012 and in the periods covered by our previous surveys may be broken down by types of round, or series, as follows:

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