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Prepared by: Dante Fichera, CPA
What’s Hot this reporting period are venture backed companies based in California operating in the Biotechnology industry and that have raised their Later round of financing.
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CapitalHunter.com was able to verify that $297 million of venture capital was invested in 20 U.S.-based companies during this week’s reporting period. The average deal size was approximately $14.85 million. The amount of venture capital invested this period increased by 70% from last week’s $175 million. |
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Geographically, 8 California companies raised $170.6 million in venture financings. The largest private venture financing in California this period was into Intarcia Therapeutics who raised $50 million. Intarcia Therapeutics is a Emeryville based company which is developing therapies for the treatment of cancer, immunological, and infectious diseases. |
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The biotechnology sector raised 38% of the venture capital this period. Four biotechnology companies raised $112 million in venture financing. The largest private venture financing in the biotechnology sector this period was into Intarcia Therapeutics. |
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Companies raising their later round of financing led this week’s venture capital activity. Later stage financings represented 51% of the total venture capital deployed this period. The largest later round financing was into Intarcia Therapeutics.
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
1. Intarcia Therapeutics |
Biotechnology |
$50 million |
| 2 |
Metabolex |
Biotechnology |
$44 million |
| 3 |
Elder Health |
Health Services |
$30 million |
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The following twleve and other unnamed investors funded the above mentioned top three venture capital investments for $124 Million: |
| 1 | Alta Partners | | 2 | Bay City Capital | | 3 | Birchmere Ventures | | 4 | Conning Capital Partners | | 5 | Frazier Healthcare Ventures | | 6 | Granite Global Ventures | | 7 | KBC Bank | | 8 | New Enterprise Associates | | 9 | Novo A/S | | 10 | VantagePoint Venture Partners | | 11 | Venrock Associates | | 12 | Versant Ventures |
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A total of 50 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 50 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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