Week January 16th, 2004 through January 22nd, 2004 |
Over $362 million of venture capital was invested in 36 U.S based companies during this reporting period. The average deal size was approximately $10.08 million. The amount of venture capital invested this period is up 38% over last weeks $588 million.
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Geographically, Illinois received more than 25% of the total venture capital invested this period. Illinois was home to 1 large venture backed company and one of the nation's top five deals. Following Illinois was California, where 8 companies raised $70.70 million. The largest venture financing in Illinois this period was by optionsXpress, Inc. for $90 million. optionsXpress is a privately owned, online brokerage that provides analytical tools, position management, and auto-trading services designed for options.
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The Finance sector raised the most venture capital this period with 26%. A total of 2 Finance companies raised $92.5 million in venture financings. The largest financing in the Finance sector was by optionsXpress, Inc.
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Companies raising their Series B round (second financing) of funding represented 54% of the total venture capital deployed this period. The largest deal in this category was let by Series B financing was by optionsXpress, Inc. who received an investment for a minority stake in the company from Summit Partners.
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The five largest venture deals this period are as follows:
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Company |
Location |
Sector |
Investment |
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1 |
OptionsXpress |
Chicago, IL |
Finance |
$90 million |
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2 |
Broadbus Technologies |
Boxborough, MA |
Manufacturing |
$25 million |
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3 |
Cellular Genomics |
Branford, CT |
Biotech |
$22.3 million |
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4 |
Netrake Corporation |
Plano, TX |
Communications |
$20 million |
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5 |
Pedestal Networks |
Fremont, CA |
Communications |
$20 million |
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The following twenty two investors funded the above mentioned top five venture capital investments in excess of $177 million:
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1
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Summit Partners |
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2
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Star Ventures |
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3
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Charles River Ventures |
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4
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Comcast Interactive Capital |
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5
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Infineon Ventures |
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6
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Battery Ventures |
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7
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Wolf Ventures |
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8
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Coastview Capital |
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9
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Connecticut Innovations Inc. |
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10
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Lilly BioVentures |
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11
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Flagship Ventures |
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12
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Vector Fund Management |
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13
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Emerging Technology Partners |
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14
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MPM Capital L.P. |
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15
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Austin Ventures |
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16
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TL Ventures |
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17
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Trinity Ventures |
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18
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Prism Venture Partners |
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19
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Duff Ackerman & Goodrich LLC |
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20
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Doll Capital Management |
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21
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SkyMoon Ventures |
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22
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Benchmark Capital |
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Below you will find a breakdown for this reporting period of equity financings in the United States, Canada, and internationally:
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INVESTMENTS WEEK OF January 16th
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$ |
# |
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Millions |
Deals |
| Equity - NYSE |
0 |
0 |
| Equity - NASDAQ |
49.9 |
8 |
| Equity - AMEX |
5.26 |
1 |
| Equity - OTC |
57.42 |
16 |
| Equity - Canadian Exchanges |
22.67 |
2 |
| Venture Capital - Canada |
6.2 |
3 |
| Venture Capital - Int'l |
62.92 |
6 |
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NOTE: All the investments highlighted as "equity" in the above table are non venture capital investments such as IPO's, PIPE's or public secondary offerings.
With your paid subscription to Capital Hunter you can obtain immediate access to a complete detailed listing of this reporting period's 82 newly funded companies. As a paid customer you can also use our easy to use tools to mine our database with over 30,000 historic equity financings. We can also provide XML data feeds to our premium customers.
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