Report Definitions

Summary Description

The MoneyTree™ Report measures investments by the professional venture capital community in private emerging hi-tech companies in Israel. The information the venture capital community provides us with each quarter is an invaluable source in our efforts to provide an accurate, up-to-date analysis.


Industry Definitions
Financing Round Definitions
Stage of Development Definitions


 

Industry Definitions

The Industry Classifications used in the MoneyTree Report are as follows:
 

  • Biotechnology
    Developers of technology promoting drug development, disease treatment, and a deeper understanding of living organisms. Includes human, animal, and industrial biotechnology products and services. Also included are biosensors, biotechnology equipment, and pharmaceuticals.
  • Communication & Networking
    Providers of products or services that facilitate information transmission or reception (voice or data). Examples include: networking devices and equipment, ISP’s, wireless services and equipment, ISDN, fiber-optics, telecommunications, tele/videoconferencing, and TV and radio stations.
  • IT Services
    Providers of computer and internet-related services to businesses and consumers including computer repair, software consulting, computer training, machine leasing/rental, disaster recovery, web design, data input and processing, internet security, e-commerce services, web hosting and systems engineering.
  • Medical Devices and Equipment
    Manufactures and/or sells medical instruments and devices including medical diagnostic equipment (X-ray, CAT scan, MRI), medical therapeutic devices (drug delivery, surgical instruments, pacemakers, artificial organs), and other health related products such as medical monitoring equipment, handicap aids, reading glasses and contact lenses.
  • Semiconductors
    Design, develop or manufacture semiconductor chips/microprocessors ore related equipment including diodes and transistors. Also includes companies that test or package integrated circuits.
  • Software
    Producers of bundled and/or unbundled software applications for business or consumer use including software created for systems, graphics, communications and networking, security, inventory, home use, educational, or recreational. Also included is software developed for specific industries such as banking, manufacturing, transportation, or healthcare.
  • Industrial/Energy
    Producers and suppliers of energy, chemicals, and materials, industrial automation companies and oil and gas exploration companies. Also included are environmental, agricultural, transportation, manufacturing, construction and utility-related products and services.
  • Other
    If the classification criteria in all of the other categories does not appropriately describe the product or service offered, the firm may be categorized in this group. Includes: Industrial/Energy, Business Products and Services, Media and Entertainment, Computers and Peripherals, Consumer Products and Services, Retailing/Distribution, Electronics/Instrumentation, Financial Services, Healthcare Services. 

Sector Definitions

The Clean technology Classification used in the MoneyTree™ Report crosses traditional MoneyTree industries and comprises companies that focus on alternative energy, pollution and recycling, power supplies and conservation.

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Financing Round Definitions

The Financing Round Classifications used in the MoneyTree™ Report are as follows:
 

  • Early round (A/B)
    Early round refers to the first and second rounds together. Those are initial rounds, where investments are made in companies at very early stages of development, typically with the founders and product developers on-board (e.g., engineers or molecular biologists, etc.), but without a complete management team in place. In most early rounds, the total capital raised does not exceed $2.5 million.
  • C round
    Round C relates to the C series. This round may be the first round for the fund, and generally involves large investments.
  • Later round (D/ E/ F / Mezzanine)
    Equity rounds that take place subsequent to the C financing round.
  • Bridge Loan
    A loan, typically with warrants or other debt instruments to assist the company until the round of financing closes.

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Stage of Development Definitions

The Stage of Development Classifications used in the MoneyTree™ Report are as follows:
 

  • Seed/Start-Up Stage
    The initial stage. The company has a concept or product under development, but is probably not fully operational. Usually in existence less than 18 months.
  • Early Stage
    The company has a product or service in testing or pilot production (R&D). In some cases, the product may be commercially available. May or may not be generating revenues. Usually in business less than three years.
  • Expansion Stage
    Product or service is in production and commercially available. The company demonstrates significant revenue growth, but may or may not be showing a profit. Usually in business more than three years.
  • Later Stage
    Product or service is widely available. Company is generating on-going revenue; probably positive cash flow. More likely to be, but not necessarily profitable. May include spin-outs of operating divisions of existing private companies and established private companies.

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Disclaimer
PricewaterhouseCoopers have made every attempt to ensure that the information contained in the MoneyTreeTM Report has been obtained from reliable sources. However, PricewaterhouseCoopers cannot warrant the ultimate validity of the data obtained in this manner. Results are updated periodically, therefore, all data is subject to change at any time. PricewaterhouseCoopers is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in the reports is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will PricewaterhouseCoopers, its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this Site or for any consequential, special or similar damages, even if advised of the possibility of such damages.