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Prepared by: Dante Fichera
What’s Hot this reporting period are venture backed companies based in California operating in the semiconductor industry and have raised their Series B round of financing.
IPO’s None this week…
Food for Thought
1. Cheap cash has forced the money supply through the roof and the
nation’s total credit as a percentage of GDP to an all time high – over
350% which has not been seen since the great depression.
2. Housing prices, energy, and health care costs have increased at a
significantly faster rate than household incomes.
3. Greenspan touts strong economy opening the doors for further rate
increases.
4. Housing inventories are at a five year high. Is this tied to the
increasing interest rates and all the sub prime and interest only loans?
5. Trade deficit keeps growing.
6. Venture capital activity is bouncing sideways but up slightly from the
prior year.
7. The 2004 IPO market has been good.
CapitalHunter.com has launched its new website with all new features. A few of the new features include:
1. Customized preferences so that alerts can be sent to your email box
every time a new financing that meets your criteria is updated to our
database.
2. Search for Executives and Partners of Funds.
3. Searchable glossary of financial terms.
4. Daily news highlights on our home page.
5. Database statistics.
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CapitalHunter.com was able to verified that $155 million of venture capital was invested in 13 U.S.-based companies during this week’s reporting period. The average deal size was approximately $11.92 million. The amount of venture capital invested this period decreased by 28% from last week’s $215 million. The decrease is probably explained by the short week. |
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Geographically, 6 California companies raised $112.3 million in venture financings. The largest private venture financing in California this period was into Silicon Optix raised $40 million. Silicon Optix is a San Jose based company that supplies advanced digital image processing chips, integrated circuits focused on the capture, transmission, and display of digital visual information. |
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The semiconductor sector raised 33% of the venture capital this period. Two semiconductor companies raised $50.4 million in venture financing. Silicon Optix was the largest financing in this category. |
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Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 43% of the total venture capital deployed this period. The largest Series B financing was into MAP Pharmaceuticals. The company raised $30 million is a pharmaceutical company developing therapies and inhalation delivery platforms to treat a broad spectrum of respiratory and systemic diseases. 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 |
Silicon Optix |
Semiconductor |
$40 million |
| 2 |
MAP Pharmaceuticals |
Biotechnology |
$30 million |
| 3 |
SurgRx |
Medical Device |
$12 million |
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The following eleven and other unnamed investors funded the above mentioned top three venture capital investments for $82 million: |
| 1 | Alta Partners | | 2 | Apax Partners | | 3 | Bay City Capital | | 4 | California Technology Ventures | | 5 | Canaan Partners | | 6 | Focus Ventures | | 7 | InterWest Partners | | 8 | Pequot Ventures | | 9 | Polaris Venture Partners | | 10 | Prospect Venture Partners | | 11 | Skyline Ventures |
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A total of 32 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 32 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. Please visit www.capitalhunter.com and get immediate access for free for a two week trial period. New subscribers can request a free investor analysis. |
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