Prepared by: Dante Fichera

Venture capital activity strong this period with over $407 million in investments. With the Q2 2004 coming to an end it appears that Q2 2004 will yield cautious investment growth from Venture capitalist. Even with the investments continuing to rise, this weeks venture capital totals are down 30% from last weeks high water mark of $582 million. $407 million was raised primarily by California based software companies. In addition, seven companies began trading on Wall Street with over $1.1 billion raised in equity through IPOs.

The seven IPO’s this reporting period are as follows: Cabela’s, Jackson Hewitt Tax, Momenta Pharmaceuticals, Motive, SalesForce.com, Senomyx, and WCA Waste Corporation

CapitalHunter.com identified that $407 million of venture capital was invested in 33 U.S.-based companies during this week’s reporting period. The average deal size was approximately $12.33 million. The amount of venture capital invested this period decreased by 30% over last week’s $414 million.

What’s Hot: California, Software, and Series C.

Geographically,12 California companies raised $118.5 million in venture financings. The largest venture financing in California this period went into Emphasys Medical for $27.5 million. Emphasys Medical is a Redwood City based company that develops therapies to improve quality of life for patients living with emphysema.

The software sector raised 27% of the venture capital this period. Twelve software companies raised over $107 million in venture financing. The largest venture financing was for $40 million by SavaJe Technologies, which operates systems for wireless devices and which support the Java 2 Platform standard edition for information appliances.

Companies raising their Series C rounds led this week’s venture capital activity. Series C companies represented 48% of the total venture capital deployed this period. The largest Series C financing was into OfficeTiger for $50 million. OfficeTiger provides onshore and offshore business process outsourcing solutions.

The following twelve investors funded the above mentioned top three venture capital investments for over $127 million:

A total of 82 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 82 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 theCapitalHunter.com searchable database.

About CapitalHunter.com

CapitalHunter.com is a web-based financial information company that identifies, preserves and electronically disseminates worldwide data on venture capital and other equity financings. Customers utilize the CapitalHunter.com searchable database to research newly and historic financings and to identify active investors.