Week November 7, 2003 through November 13, 2003 |
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Over $278 million of venture capital was invested in 26 U.S based companies during this reporting period. Four more companies raised venture capital than the preceding period and there was an increase of 13.5% in the total capital raised. The average deal size was approximately $10.69 million.
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Geographically, California continued to lead the nation, receiving more than 39% of total venture capital invested. California was home to the largest number of funded ventures (10) and two of the nation's top five deals. Following the California was New Jersey, where 3 companies raised $35.2 million. The largest financing in California this period was by Topspin Communications.
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Nearly half (47%) of the venture capital invested this reporting period went to companies in the Software sector. Nine (9) companies in this sector raised funding, led by a $25 million investment in SolArc, which is a software technology firm offering, enterprise trade management solution for multi-commodity energy trading.
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As shown in the chart below, 41% of the companies that raised venture capital this period are companies that raised their initial round of funding (including Series A rounds and seed funding). The largest Series A round was a $25 million equity round raised by SolArc.
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The five largest venture deals this period are as follows:
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Company |
Location |
Sector |
Investment |
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1 |
SolArc |
Tulsa, OK |
Software |
$25 million |
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2 |
Topspin Communications |
Mountain View, CA |
Computer Services |
$20 million |
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3 |
Vesta Corporation |
Portland, OR |
Software |
$20 million |
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4 |
Sanarus Medical |
Pleasanton, CA |
Medical Devices |
$19 million |
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5 |
Recruitmax |
Ponte Vedra Beach, FL |
Software |
$17.2 million |
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1 |
Accel Partners |
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2 |
Advent International
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3 |
Alta Partners |
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4 |
Channel Medical Partners |
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5 |
Duff Ackerman Goodrich |
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6 |
Federated Kaufmann Fund |
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7 |
Forward Ventures |
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8 |
Meritech Capital Partners |
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9 |
Montagu Newhall Associates |
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10 |
Oak Investment Partners |
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11 |
Presidio Venture Partners |
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12 |
QuestMark Partners |
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13 |
Redpoint Ventures |
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14 |
Technology Crossover Ventures |
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15 |
Technology Funding |
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16 |
Tudor Ventures |
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17 |
US Venture Partners |
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Below you will find a breakdown for this reporting period of debt and equity financings in the United States, Canada and internationally:
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INVESTMENTS WEEK OF November 7th
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$ |
# |
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Millions |
Deals |
| Equity - NYSE |
- |
- |
| Equity - NASDAQ |
497 |
12 |
| Equity - AMEX |
5 |
2 |
| Equity - OTC |
19 |
4 |
| Equity - Canada |
4 |
3 |
| Equity - Int'l |
- |
- |
| Venture Capital - Canada |
- |
- |
| Venture Capital - Int'l |
28 |
2 |
| Total Debt - U.S. |
781 |
5 |
| Total Debt - Canada |
- |
- |
| Total Debt - Int'l |
- |
- |
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NOTE: All the "equity" investments highlighted in the above table are non venture capital investments such as PIPE's or public offerings. With your paid subscription to Capital Hunter you can obtain immediate access to a complete detailed listing of this reporting period's 56 newly funded companies plus all future financings, their funding amounts, names of the investor(s), key man information, general business content, as well as other highly valuable pieces of information by signing up at www.capitalhunter.com
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