Prepared by: Dante Fichera

Please read the following article about Q2 2004 venture capital activity in the life sciences sectors: Investors Business Daily.

Venture capital activity is down by 39% as venture capitalists got ready for the long weekend. A mere $250 million in venture capital was invested during the period.

Total national venture capital activity is flat for Q2 2004 compared to Q1 2004 and up 15% over Q2 2003.

CapitalHunter.com identified that $250 million of venture capital was invested in 19 U.S.-based companies during this week’s reporting period. The average deal size was approximately $13.16 million. The amount of venture capital invested this period decreased by 39% over last week’s $407 million.

What’s Hot: California, Software, and Later Stage financings.

Geographically,10 California companies raised $141.7 million in venture financings. The largest venture financing in California this period went into Zonare for $34 million. Zonare is a Mountain View based company that designs, develops, and manufactures high performance portable ultrasound products, which combine revolutionary technology with innovative design allowing for cart based and portable use.

The software sector raised a little over 26% of the venture capital this period. Six software companies raised over $66 million in venture financing. The largest software venture financing was for $20 million by EqualLogic, developer of storage solutions that extend the benefits of storage area network throughout the enterprise.

Companies raising their later rounds of financing led this week’s venture capital activity. Later stage companies represented 42% of the total venture capital deployed this period. The largest later stage financing was Zonare.

The following eighteen investors funded the above mentioned top three venture capital investments for over $89 million:

A total of 59 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 59 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.