Prepared by: Dante Fichera

“What’s Hot” this reporting period are venture backed companies based in New Jersey operating in the Communications industry and have raised their later round of financing. This period one large financing skewed the results.

In addition, one company began trading on Wall Street with over $20 million raised in equity through its IPO.

1. eCOST.com for $20 million

CapitalHunter.com was able to verified that $377 million of venture capital was invested in 28 U.S.-based companies during this week’s reporting period. The average deal size was approximately $13.46 million. The amount of venture capital invested this period decreased by 14% from last week’s $440 million.

Geographically,4 New Jersey companies raised $163.6 million in venture financings. The largest private venture financing in New Jersey this period was into Vonage Holdings raised $105 million. Vonage Holdings Corp. is an Edison based company that is a provider of high-speed Internet-based digital telephone services.

The Communications sector raised 27% of the venture capital this period. One Communications company raised $105 million in venture financing. Vonage Holdings was the largest financing in this category.

Companies raising their later round of financing led this week’s venture capital activity. Later stage financings represented 51% of the total venture capital deployed this period. The largest later stage financing was into Vonage Holdings.

The following twelve and other unnamed investors funded the above mentioned top three venture capital investments for $177.2 million:

A total of 42 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 42 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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