Week 02/21/2005 through 02/27/2005

Prepared by: Dante Fichera, CPA

This reporting period companies based in Texas operating in the Medical Devices industry and that have raised their Series B round of financing led the pack in the amount of venture financing raised. Also, there was only one IPO this reporting period. This was a strange week in the capital markets. Fin out why by visiting our website at: CapitalHunter.com

CapitalHunter.com was able to verify that $196 million of venture capital was invested in 26 U.S.-based companies during this week’s reporting period. The average deal size was approximately $7.54 million. The amount of venture capital invested this period decreased by 39% compared to last periods $320 million.

Geographically,3 Texas companies raised $32.3 million in venture financings which represents 17% of the total venture capital invested this reporting period. The largest private venture financing in Texas this period was into eSilicon. Mezz Cap raised $25 million and is an Austin based and is a commercial real estate finance company and wholesale lender.

The medical devices sector raised 46% of the venture capital this period. Seven medical devices companies raised $92.5 million in venture financing. The largest private venture financing in the medical services sector this period was into AxioMed Spine Corporation. AxioMed Spine Corporation raised $18 million and is a Beachwood, OH based company that develops next-generation artificial spinal discs.

Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 44% of the total venture capital deployed this period. The largest private venture financing in Series B stage financing this period was into Ekos Corp.. Ekos Corp. raised $18 million and is a Bothell, WA high technology medical device company focused on developing and marketing ultrasound enhanced micro-catheters to dissolve blood clots in the brain and legs in conjunction with thrombolytic agents.

The three largest venture deals this period are as follows:

The following Sixteen and other unnamed investors funded the above mentioned top three venture capital investments for $61 Million:

A total of 56 equity financings of private and public companies occurred during this reporting period. Each of the 56 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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