Prepared by: Dante Fichera
Venture capital activity surges 59% on the heels of several significant financings. $414 million was raised primarily by California based software companies. In addition, three companies began trading on Wall Street this reporting period.
The three IPO’s this reporting period are as follows: CB Richard Ellis Group, Digirad, and PowerDsine |
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Capital Hunter identified that $414 million of venture capital was invested in 23 U.S.-based companies during this week’s reporting period. The average deal size was approximately $16.56 million. The amount of venture capital invested this period increased by 59% over last week’s $260 million.
What’s Hot: California, Software, and Series C financings. |
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Geographically,12 California companies raised $214.6 million in venture financings. The largest venture financing in California this period went into Force10 Networks, Inc. for $74.9 million. Force10 Networks is a Milpitas based company that is the pioneer in resilient Gigabit and 10 Gigabit Ethernet switching and routing. |
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The software sector raised 37% of the venture capital this period. Sixteen software companies raised over $153 million in venture financing. The largest venture financing was by Pixel Magic Imaging, Inc., a company that provides digital imaging solutions for retailers. |
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Companies raising their Series C rounds led this week’s venture capital activity. Series C companies represented 34% of the total venture capital deployed this period. The largest Series C financing went into Spreadtrum, Inc., a fabless semiconductor company that develops and markets innovative digital wireless communications products. To learn more about the equity financings of this week please visit www.capitalhunter.com and obtain a free trial subscription to our service – no obligation. |
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
Force10 Networks |
Network and Equipment |
$74.9 million |
| 2 |
TechTarget |
Content Provider |
$70 million |
| 3 |
Spreadtrum |
Semiconductor |
$35.2 million |
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The following Thirteen investors funded the above mentioned top three venture capital investments for over $180 million: |
| 1 | Crosslink Capital | | 2 | Fortunetech Partners | | 3 | HuaHong International | | 4 | Legend Capital | | 5 | Meritech Capital Partners | | 6 | Morgenthaler Venture Partners | | 7 | New Enterprise Associates | | 8 | Pacific Venture Group | | 9 | Polaris Venture Partners | | 10 | Technology Crossover Ventures | | 11 | U S Venture Partners | | 12 | Vertex Venture Capital | | 13 | WorldView Technology Partners |
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A total of 58 equity financings of private and public companies occurred during this reporting period. Each of the 58 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s. Also available is access to over 30,000 other historic equity financings through the CapitalHunter.com searchable database.
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