Week January 30th, 2004 through February 5th, 2004 |
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Over $400 million of venture capital was invested in 30 U.S based companies during this reporting period. The average deal size was approximately $13.36 million. The amount of venture capital invested this period is up 38% from last weeks $291 million.
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Geographically, California received more than 45% of the total venture capital invested this period. The largest venture financing in California this period was by XenoPort, Inc. for $36.96 million. XenoPort, Inc. is privately owned and develops drug-delivery technology, engineering compounds to exploit the body's own active transport mechanisms and harnessing the body's intrinsic cellular transport systems to improve the body's drug processing efficiency.
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The Manufacturing sector raised the most venture capital this period with 33%. A total of 4 Manufacturing companies raised $130.5 million in venture financings. The largest financing in the Manufacturing sector was by Cornice, Inc. a manufacturer of a new class of portable storage solutions for consumer electronics and pocket-able entertainment and computing devices
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Companies raising their Series C round of funding represented 41% of the total venture capital deployed this period. The largest deal in this category was led by Cornice, Inc. who received an investment for $51 million from BA Venture Partners, GIC Special Investments, Nokia Venture Partners, CIBC Capital Partners, and VantagePoint Venture 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 |
Cornice, Inc. |
Longmont, CO |
Manufacturing |
$51 million |
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2 |
Vonage Holdings Corp. |
Edison, NJ |
Communications |
$40 million |
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3 |
XenoPort, Inc. |
Santa Clara, CA |
Biotech |
$37 million |
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4 |
Kionix, Inc. |
Ithaca, NY |
Manufacturing |
$28.5 million |
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5 |
iPolicy Networks |
Fremont, CA |
Software |
$26 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 |
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2
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Advantage Capital Partners |
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3
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Allen & Company Incorporated |
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4
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ARCH Venture Partners |
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5
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BA Venture Partners |
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6
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Cayuga Venture Fund |
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7
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CIBC Capital Partners |
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8
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Clearstone Venture Partners |
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9
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CMI International Investment Corp. |
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10
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Dali Hook Partners |
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11
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Enhanced Capital Partners |
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12
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Frazier & Company |
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13
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Gefinor Ventures |
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14
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GIC Special Investments Pte Ltd |
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15
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Integrated Acquisition and Development Corporation |
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16
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Lurie Investment Fund LLC |
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17
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MeriTech Capital Partners |
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18
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Nokia Venture Partners |
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19
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Onondaga Venture Capital Fund Inc. |
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20
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Rand Capital Corp. |
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21
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Rocktech Inc |
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22
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Skyline Ventures |
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23
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Tompkins Trustco Inc |
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24
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VantagePoint Venture Partners |
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25
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Venrock Associates |
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26
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WK Technology Fund |
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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 30th
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$ |
# |
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Millions |
Deals |
| Equity - NYSE |
676 |
1 |
| Equity - NASDAQ |
454.2 |
10 |
| Equity - AMEX |
45.24 |
4 |
| Equity - OTC |
11.07 |
7 |
| Equity - Canadian Exchanges |
6.83 |
4 |
| Venture Capital - Canada |
12.5 |
2 |
| Venture Capital - Int'l |
68.4 |
10 |
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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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