Week November 14, 2003 through November 20, 2003 |
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Over $416.8 million of venture capital was invested in 30 U.S based companies during this reporting period. 4 more companies raised venture capital than the preceding period and there was an increase of 50% in the total capital raised. The average deal size was approximately $13.9 million.
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Geographically, California continued to lead the nation, receiving more than 33% of total venture capital invested. California was home to the largest number of funded ventures (12) and two of the nation's top five deals. Following California was Illinois, where 1 company raised $125 million. The largest financing in California this period was by Saegis Pharmaceuticals.
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Nearly half (61%) of the venture capital invested this reporting period went to companies in the Software sector. Nine (18) companies in this sector raised funding, led by a $125 million investment in Archipelago, which provides a platform for electronic trading.
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As shown in the chart below, 43% of the companies that raised venture capital this period are companies that raised their later round of funding. The largest later round financings was by Archipelago for a total of $125 million equity from General Atlantic Partners.
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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 |
Archipelago |
Chicago, IL |
Software |
$125 million |
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2 |
Saegis Pharmaceutical |
Half Moon Bay, CA |
Biotech |
$30 million |
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3 |
Zeevo |
Santa Clara, CA |
Semiconductor |
$20 million |
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4 |
Protein Forest |
Watertown, MA |
Biotech |
$19 million |
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5 |
RedSiren Technologies |
Pittsburgh, PA |
Software |
$17.7 million |
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The following twenty investors funded the above mentioned top five venture capital investments in excess of $211 million:
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1 |
Boston Millennia Partners |
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2 |
China Development Industrial Bank |
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3 |
Focus Ventures |
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4 |
General Atlantic Partners |
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5 |
IDG Ventures |
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6 |
NeuroVentures |
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7 |
NOVO |
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8 |
Polaris Venture Partners |
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9 |
Raza Ventures |
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10 |
Redleaf Ventures |
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11 |
Safeguard Scientifics |
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12 |
SEA Ventures |
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13 |
Sequoia Capital |
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14 |
Sofinnova Partners |
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15 |
Sofinnova Ventures |
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16 |
SR One Limited |
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17 |
Technology Partners |
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18 |
Versant Ventures |
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19 |
Winbond Electronics |
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20 |
WK Technology Fund |
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Below you will find a breakdown for this reporting period of debt and equity financings in the United States, Canada and internationally:
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INVESTMENTS WEEK OF November 14th
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$ |
# |
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Millions |
Deals |
| Equity - NYSE |
233 |
2 |
| Equity - NASDAQ |
163 |
6 |
| Equity - AMEX |
- |
- |
| Equity - OTC |
31 |
4 |
| Equity - Canada |
8 |
3 |
| Equity - Int'l |
90 |
8 |
| Venture Capital - Canada |
1 |
1 |
| Venture Capital - Int'l |
90 |
8 |
| Total Debt - U.S. |
1,508 |
8 |
| Total Debt - Canada |
16 |
2 |
| 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 66 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
The Ultimate Goal of Capital Hunter's FUNDING WATCH 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.
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©2003 Capital Hunter, Inc. all rights reserved
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