Venture capitalists invested approximately $314 million nationally this week. This is an increase of 15% from the prior week. A total of 22 companies raised venture capital. The average deal size was approximately $14.27 million. The largest geographic recipient of venture capital was California based companies to the tune of $203.85 million. This represented 64.94% of total venture financing. The Medical Device sector received the biggest chunk of venture capital, totaling $89.5 million. Early stage companies received 54.83% of total venture capital to the tune of $172.1 million.

A total of 45 equity financings in the United States took place this past week and the dollar amounts remained flat this reporting period with $570 million being raised, compared to last week's $573 million.

Below are straightforward graphs so that you can quickly see how the equity investments in the United States were distributed by geography, industry and stage of development:

Note: States that received equity funding less than $17.5 million was included with the OTHER category.

California based companies raised 59% of the total $570 million in equity financings in the United States this past week. In line with our data analysis results, it was ascertained that the largest equity based financing in California was by CancerVax Corporation:

Note: States that received equity funding less than $25 million was included with the OTHER category.

Biotech companies received 46% of the total $570 million in equity raised in the United States this period. CancerVax was the largest funding in this sector this period but below is more information about the second largest equity financing in this sector:

As can be seen in the above pie chart, NASDAQ companies raised 33.9% of the equity in this reporting period. The largest NASDAQ equity transaction this period was completed by CancerVax Corporation which is highlighted in the GEOGRAPHY section.

Below you will find a breakdown for this reporting period of significant debt and equity financings in the United States, Canada and internationally:

NOTE: For a complete weekly detailed listing of newly funded companies, their funding amounts, names of the investor(s), key man information, general business content, as well as other highly valuable pieces of information signup at www.capitalhunter.com

Upcoming Service Upgrades:

• Easier to read weekly download reports that will contain additional information about the companies management team and the companies funding history.
• Searchable functionality that will allow you to search for investors and obtain their corresponding profiles.

New Referral Program:

• We would like to offer our customers an ad space on our free FUNDING WATCH newsletter for four weeks for each new customer you send us during the month of November 2003.
• We currently have approximately 250,000 subscribers to the free FUNDING WATCH newsletter. The newsletter reaches venture capitalists, investment bankers, educators, company executives, and service professionals.
• To take advantage of this offer please contact Dante at 619-236-9998 or send an email to info@capitalhunter.com

The Ultimate Goal of Capital Hunter's FUNDING WATCH free newsletter is to provide our readers with a valuable, current and accurate source of information about the capital markets. WE WELCOME ANY AND ALL FEEDBACK ON HOW WE CAN MAKE THIS NEWSLETTER AND OUR SERVICE BETTER.

To be REMOVED from this free service, CLICK HERE.