|
You have received this complimentary issue of Capital Hunter's Funding Watch free weekly newsletter. The FUNDING WATCH free newsletter is a financial market overview that's absolutely jam-packed with the week's hottest financings and stats. It also features graphs and charts that will provide you with an in-depth, yet quick and straightforward overview of the capital markets.
The intention of the FUNDING WATCH free newsletter is to provide our readers with a valuable, current and accurate source of information about the private and public capital markets. To be REMOVED from this free service, CLICK HERE.
MARKET OVERVIEW FOR THE WEEK OF AUGUST 22nd - AUGUST 28th
This past week Capital Hunter identified a total of 52 funding events globally that merit attention. Of the 52 companies globally that we identified, 46 of the funding events were by U.S. companies. 27 U.S. based companies are privately held and 19 are publicly traded companies; moreover, 37 of them raised equity capital and 9 secured debt financing. Below are the active investors Capital Hunter, Inc. identified for this reporting period:
|
ACTIVE INVESTORS - Week of August 22 - August 28
|
|
ABS Ventures |
Information Technology Ventures |
Perceptive Life Sciences Funds |
|
Aggregate Networks LLC |
Intersouth Partners |
Perseus-Soros Fund |
|
Alliance Semiconductor |
InterWest Partners |
Pharos LLC |
|
Atlanta Technology Angels |
Investment Partners of Orlando |
Primus Technology Fund |
|
Austin Ventures |
Israel Corporation Technologies |
Raymond James & Associates |
|
BAE Systems |
Ivy Healthcare Capital |
Redpoint Ventures |
|
Banc of America |
Jack J Luchese |
Royal Bank of Scotland PLC |
|
BancBoston Capital |
Joseph Stevens Co. |
Sage Hill Partners |
|
Bank of America |
JPMorgan Partners |
SanDisk Corporation |
|
Bank One |
KBC Investco |
Scottish Equity Partnership |
|
Bay City Capital |
Lucent Venture Partners |
Sequel Venture Partners |
|
Biotech Turnaround Fund BV |
Macronix International |
Sierra Ventures |
|
BNP-Paribas |
Masthead Venture Partners |
Slater Center |
|
CDP Capital |
MB Venture Partners |
SmartForest Ventures |
|
Charter Ventures |
McData Corp |
Stark Investments |
|
Clayton A Struve |
MeriTech Capital Partners |
T B A Statutory Trust II |
|
CMEA Ventures |
Merrill Lynch Capital |
Techno Venture Management |
|
Diamond State Ventures |
Microvision |
Telepeak Investments |
|
Doll Capital Management |
Midsummer Investment Ltd |
Thomas McNerney Partners |
|
Fallaron Capital Management |
Mission Ventures |
Trellis Partners |
|
Galen Partners |
National Institute of Health |
Trinity Ventures |
|
Gefinor Ventures |
Needham Company Inc |
U S Bancorp Asset Management |
|
Global Life Science Partners |
New Enterprise Associates |
UTFC |
|
Goldman Sachs |
Nokia Venture Partners |
Valley Ventures, L.P. |
|
Granite Ventures |
North Atlantic Capital |
Venrock Associates |
|
H.I.G. Ventures |
NorthStar Capital |
Voyager Capital |
|
Heartland Advisors |
Oaktree Capital Management |
Warburg Pincus LLC |
|
Imlay Investments |
Pacific Rim Ventures |
NOTE: Capital Hunter, Inc. tracks investment bankers that work public financings and whether the banker has an analyst.
A few of the companies that received financing from some of the above mentioned investors are highlighted below:
FUNDED COMPANIES - Week of August 22 - August 28
Fortinet Inc. is a later stage privately held company located in Santa Clara, CA and provides network protection systems designed to break the content processing barrier, and deliver application level services: virus protection and content filtering along with firewall, VPN, intrusion detection, and traffic shaping functions. CEO, Ken Xie, was able to secure $30 million in a Series D equity financing from prominent venture investors: Redpoint Ventures and MeriTech Capital Partners
Myogen, Inc. is a later stage privately held company located in Westminister, CO and is a biopharmaceutical company focused on the discovery, development, and commercialization of small molecule therapeutics for the treatment of cardiovascular disorders. CEO, Dr. J. William Freytag, secured $40 million in a series D round from tier 1 venture capitalists: New Enterprise Associates, InterWest Partners, Sequel Venture Partners, Perseus-Soros BioPharmaceutical Fund LLP, Pacific Rim Ventures, JPMorgan Partners and CMEA Ventures
Zilliant, Inc. is a later stage privately held company located in Austin, TX and provides price and revenue optimization software solutions to help companies define and manage their ecommerce pricing so as to maximize profits and increase customer value for both on and offline businesses. CEO, Greg Peters, was able to secure $14.5 million in equity from venture investors: Austin Ventures, Trellis Partners, ABS Ventures, and JP Morgan Partners
HIGHLIGHTS
Total debt and equity financings in the United States decreased this reporting period by 37% to $1.194 billion, compared to last week's $1.887 billion. Below you will find a break down of this week's financings in the United States, Canada, and internationally:
|
INVESTMENTS WEEK OF August 22nd
|
| |
$ |
# |
| |
Millions |
Deals |
| Total Debt and Equity US |
1,194 |
46 |
| Total Debt and Equity Canada |
1 |
1 |
| Total Debt and Equity Int'l |
661 |
5 |
| Equity US |
497 |
37 |
| Equity Canada |
1 |
1 |
| Equity Int'l |
11 |
3 |
| Venture Capital US |
229 |
20 |
| Venture Capital Canada |
- |
- |
| Venture Capital Int'l |
3 |
1 |
EQUITY INVESTMENTS
Total equity capital raised by U.S. companies this week was $497 million. Below are straightforward graphs so that you can quickly see how the equity investments were distributed by Geography, Industry and Stage of Development:
GEOGRAPHY
Virginia companies raised 28% of the total $497 million in equity raised in the United States this past week. One of the larger equity deals in Virginia this reporting period was MCG Capital Corporation an Arlington based publicly traded company. MCG Capital Corporation is traded on the NASDAQ exchange under the ticker symbol MCGC. MCG Capital Corporation is a financial services company that lends to and invests in small- and medium-sized private U.S. companies within the communications, information services, media and technology industry sectors. The company has raised $101 million in equity through a follow-on public offering.
Note: States that received equity funding less than $15 million was included with the OTHER category.
INDUSTRY
Biotech companies received 25% of the total $497 million in equity raised in the United States this period. The largest biotech deal this past week was Myogen, Inc.
Note: Industries that received equity funding of $25 million or less were included with the OTHER category.
STAGE OF DEVELOPMENT
NASDAQ companies raised 37% of the equity this period. MCG Capital Corporation was the largest NASDAQ deal this reporting period.
VENTURE CAPITAL
Venture capitalists in the United States invested 3% more dollars this past week compared to the week before and funded 20 Companies for a total of $229 million. The average venture capital deal size this week was approximately $11.45 million. Below you will find the Year to Date Venture Capital investment activity in the United States:
|