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Prepared by: Dante Fichera, CPA
This reporting period companies based in California operating in the Software industry and that have raised their Series B round of financing led the pack in the amount of venture financing raised. Also, there were three IPOs this reporting period.
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CapitalHunter.com was able to verify that $270 million of venture capital was invested in 33 U.S.-based companies during this week’s reporting period. The average deal size was approximately $8.18 million. The amount of venture capital invested this period decreased by 25% compared to last periods $360 million. |
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Geographically, 16 California companies raised $176.05 million in venture financings which represents 65% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into AGEIA Technologies. AGEIA Technologies raised $30 million and is a Mountain View based semiconductor company that integrates new technologies of several fields onto a single device such as System On a Chip. |
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The software sector raised 30% of the venture capital this period. Fourteen software companies raised $81.85 million in venture financing. The largest private venture financing in the software sector this period was into firstRain. firstRain raised $10 million and is a New York, NY based company that is a provider of market intelligence software and services. Offers the only comprehensive, end-to-end hosted application software solution available that gathers, monitors, analyzes and disseminates company, product and market intelligence. |
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Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 36% of the total venture capital deployed this period. The largest private venture financing in Series B stage financing this period was into AGEIA Technologies. Nine companies raised $94.95 million in their Series B round.
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
AGEIA Technologies |
Semiconductor |
$30 million |
| 2 |
Yipes Enterprise |
Communication |
$24 million |
| 3 |
Sanarus Medical |
Medical Device |
$23 million |
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The following seventeen and other unnamed investors funded the above mentioned top three venture capital investments for $77 Million: |
| 1 | Alta Partners | | 2 | Apex Venture Partners | | 3 | BA Venture Partners | | 4 | Channel Medical Partners | | 5 | CID Equity Partners | | 6 | Crosslink Capital | | 7 | Federated Kaufmann Fund | | 8 | Forward Ventures | | 9 | Granite Global Ventures | | 10 | HIG ventures | | 11 | JPMorgan Partners | | 12 | Norwest Venture Partners | | 13 | Pequot Ventures | | 14 | Sprout Group | | 15 | Taiwan Semiconductor Manufacturing Company | | 16 | Technology Funding Venture Partners | | 17 | U S Venture Partners |
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A total of 89 equity financings of private and public companies occurred during this reporting period. Each of the 89 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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