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 are:
1. Valley Bancorp. for $15 million.
2. Educate, Inc. for $55 million.
3. Beacon Rooking Supply for $110.5 million.
4. Cogent for $216 million.
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CapitalHunter.com was able to verified that $262 million of venture capital was invested in 23 U.S.-based companies during this week’s reporting period. The average deal size was approximately $11.39 million. The amount of venture capital invested this period increased by 27% from last week’s $207 million. |
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Geographically, 11 California companies raised $117.8 million in venture financings. The largest private venture financing in California this period was into Greenfield Networks raised $21.5 million. Greenfield Networks is a Sunnyvale is focused on delivering innovative networking solutions for enterprise and metro markets: Ethernet switch silicon technology. |
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The software sector raised 33% of the venture capital this period. Eight software companies raised $88.3 million in venture financing. Avamar Technologies was the largest financing in this category raising $15 million in venture financing. Avamar Technologies provides enterprises with data management solutions. |
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Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 42% of the total venture capital deployed this period. The largest Series B financing was into Sopherion Therapeutics. The company raised $47 million and is a biopharmaceutical company focused on developing novel anti-cancer therapies for patients suffering with advanced cancer, including metastatic disease. |
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
Sopherion Therapeutics |
Biotechnology |
$47 million |
| 2 |
Greenfield Networks |
Network & Equipment |
$21.5 million |
| 3 |
Velocimed |
Medical Devices |
$16.5 million |
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The following Sixteen and other unnamed investors funded the above mentioned top three venture capital investments for $85 million: |
| 1 | Arnerich Massena & Associates | | 2 | Canaan Partners | | 3 | Commerce Health Ventures | | 4 | Global Catalyst Partners | | 5 | HealthCap | | 6 | JPMorgan Partners | | 7 | NewSpring Ventures | | 8 | ProQuest | | 9 | RiverVest Venture Partners | | 10 | Seaflower Ventures | | 11 | Sequoia Capital | | 12 | Sprout Group | | 13 | The Vertical Group | | 14 | TL Ventures | | 15 | Walden International | | 16 | Warburg Pincus |
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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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