Week November 21, 2003 through November 27, 2003 |
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Over $107.7 million of venture capital was invested in 17 U.S based companies during this reporting period. 13 fewer companies raised venture capital than the preceding period and there was a decrease of 74% in the total capital raised. The average deal size was approximately $6.34 million.
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Geographically, California continued to lead the nation, receiving more than 41% of total venture capital invested. California was home to the largest number of funded ventures (6) and two of the nation's top five deals. Following California was New Jersey, where 1 company raised $35 million. The largest financing in California this period was by Big Bear Networks.
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Nearly half (49%) of the venture capital invested this reporting period went to companies in the Communications sector. Two (2) companies in this sector raised funding, led by a $35 million investment in Vonage Holding, Corp. a provider of high-speed Internet-based digital telephone services.
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As shown in the chart below, 52% of the companies that raised venture capital this period are companies that raised their Series B round of funding. The largest Series B round of financing was by Vonage for a total of $35 million equity from New Enterprise Associates and other venture capitalists.
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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 |
Vonage Holding, Corp. |
Edison, NJ |
Communications |
$35 million |
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2 |
Big Bear Networks, Inc. |
Sunnyvale, CA |
Communications |
$18 million |
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3 |
OpenService, Inc. |
Westborough, MA |
Software |
$8 million |
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4 |
MultiMedia Live |
Petaluma, CA |
Software |
$7.5 million |
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5 |
Axentis, Inc. |
Warrensville Heights, OH |
Software |
$7.5 million |
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The following fourteen investors funded the above mentioned top five venture capital investments in excess of $76 million:
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1
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1to1 Ventures
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2
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Accel Partners
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3
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Advent International
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4
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Austin Ventures
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5
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Hudson Ventures
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6
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JPMorgan Partners
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7
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Key Principal Partners
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8
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Liberty View Equity Partners
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9
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Menlo Ventures
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10
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New Enterprise Associates
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11
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Oak Investment Partners
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12
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Sequoia Capital (2 deals)
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13
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Sierra Ventures
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14
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Zesiger Capital Group |
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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 21st
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$ |
# |
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Millions |
Deals |
| Equity - NYSE (3 IPO's) |
739.3 |
3 |
| Equity - NASDAQ (3 IPO's) |
294.1 |
5 |
| Equity - AMEX |
0.5 |
1 |
| Equity - OTC |
20 |
2 |
| Equity - Canada |
3.39 |
1 |
| Equity - Int'l |
1 |
1 |
| Venture Capital - Canada |
13.53 |
2 |
| Venture Capital - Int'l |
36.12 |
4 |
| Total Debt - U.S. |
697 |
8 |
| Total Debt - Canada |
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| 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 46 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 You can also contact key personnel through our weekly reports.
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©2003 Capital Hunter, Inc. all rights reserved
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