Week 09/13/2004 through 09/19/2004

Prepared by: Dante Fichera

What’s Hot this reporting period are venture backed companies based in California operating in the software industry and have raised their Series B round of financing.

This weeks IPO's are:

1. Stonemor Partners for $20.50 million.
2. Bimini Mortgage Management (REIT)

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 meets your criteria.
2. Search by company executive and venture partner names.
3. Searchable glossary of financial terms.
4. Daily updates with news highlights the most recent financings.
5. Search for investors and newly funded companies.
6. Database statistics.
7. and Much Much More.

CapitalHunter.com was able to verified that $27 million of venture capital was invested in 18 U.S.-based companies during this week’s reporting period. The average deal size was approximately $11.5 million. The amount of venture capital invested this period increased by 34% from last week’s $155 million. The decrease is probably explained by the short week.

Geographically,7 California companies raised $74.87 million in venture financings. The largest private venture financing in California this period was into Proofpoint, Inc. raised $20 million. Proofpoint is a Cupertino based company that provides anti-spam software and messaging security solutions for large enterprises to stop spam, protect against email viruses and ensure compliance with corporate policies and regulations through their messaging infrastructure.

The software sector raised 27% of the venture capital this period. Four software companies raised $58 million in venture financing. Proofpoint, Inc. was the largest financing in this category.

Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 32% of the total venture capital deployed this period. The largest Series B financing was into MinuteClinic . The company raised $15 million and operates health care centers designed for the treatment of common ailments like strep throat, ear, bladder and sinus infections, and for screenings and immunizations. The result is a highly accessible and convenient care system that saves patients, employers and insurers time and money.

The three largest venture deals this period are as follows:

The following nine and other unnamed investors funded the above mentioned top three venture capital investments for $69 million:

A total of 40 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 40 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s.

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