Week January 23rd, 2004 through January 29th, 2004 |
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Over $291 million of venture capital was invested in 26 U.S based companies during this reporting period. The average deal size was approximately $11.19 million. The amount of venture capital invested this period is down 20% from last weeks $362 million.
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Geographically, California received more than 42% of the total venture capital invested this period. The largest venture financing in California this period was by HammerHead Systems for $25 million. HammerHead Systems is a privately owned provider of data communications equipment for carriers.
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The Software sector raised the most venture capital this period with 33%. A total of 12 Software companies raised $97.18 million in venture financings. The largest financing in the Software sector was by ServGate Technologies, Inc. who is a provider of integrated, modular network security platforms for small and medium businesses and the distributed enterprise.
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Companies raising their Series B round (second financing) of funding represented 36% of the total venture capital deployed this period. The largest deal in this category was led by TransMedics, Inc. who received an investment for $27.6 million. TransMedics, Inc. develops a portable system for preservation and transport of donated organs.
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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 |
ITC Financial Services |
WestPoint, GA |
Finance |
$54 million |
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2 |
TransMedics |
Malden, MA |
Medical Devices |
$27.6 million |
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3 |
Hammerhead Systems |
Mountain View, CA |
Communications |
$25 million |
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4 |
ServGate Technologies |
Milpitas, CA |
Software |
$18 million |
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5 |
TAK'ASIC |
San Mateo, CA |
Manufacturing |
$16.25 million |
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The following twenty six investors funded the above mentioned top five venture capital investments in excess of $140.85 million:
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1
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3i US |
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2
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Alta Partners |
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3
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Ballast Point Venture Partners |
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4
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Bessemer Venture Partners |
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5
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CB Health Ventures |
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6
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CDP Capital Technology Ventures |
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7
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ChinaVest Inc. |
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8
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ComVentures |
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9
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CrossBridge Venture Partners |
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10
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Doughty Hanson Technology Ventures |
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11
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Entercom Communications |
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12
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Flagship Ventures |
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13
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Foundation Capital |
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14
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Innovacom |
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15
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JVP |
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16
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Mayfield |
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17
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Noro-Moseley Partners, Ltd. |
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18
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Novel Bioventures |
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19
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Pequot Ventures |
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20
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POSCO BioVentures Limited |
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21
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Sherbrooke Capital |
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22
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Sofinnova Partners |
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23
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SPEF Venture |
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24
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The Burton Partnerships |
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25
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Ventech Inc. |
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26
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WI Harper Group |
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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 23rd
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$ |
# |
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Millions |
Deals |
| Equity - NYSE |
20 |
1 |
| Equity - NASDAQ |
21.2 |
3 |
| Equity - AMEX |
6.03 |
2 |
| Equity - OTC |
20.06 |
11 |
| Equity - Canadian Exchanges |
23.25 |
4 |
| Venture Capital - Canada |
0 |
0 |
| Venture Capital - Int'l |
74.07 |
7 |
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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.
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