Prepared by: Dante Fichera, CPA
This reporting period companies based in California operating in the Software industry and that have raised their Series C round of financing led the pack in the amount of venture financing raised. Also, there was one IPOs this reporting period.
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CapitalHunter.com was able to verify that $364 million of venture capital was invested in 33 U.S.-based companies during this week’s reporting period. The average deal size was approximately $11.04 million. The amount of venture capital invested this period increased by 35% compared to last periods $270 million. |
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Geographically, 14 California companies raised $193.42 million in venture financings which represents 54% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into T-RAM. T-RAM raised $40 million and is a San Jose based fabless semiconductor company that has developed an innovative process based on TCCT (Thin-Capacitively-Coupled-Thyristor) technology, which produces a memory cell one-fourth to one-eighth the size of competing 6T-SRAM (Six Transistor-Static Random Access Memory) memory technology. |
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The software sector raised 25% of the venture capital this period. Nine software companies raised $90.8 million in venture financing. The largest private venture financing in the software sector this period was into Ingrian Networks. Ingrian Networks raised $15.4 million and is a Redwood City, CA based company that is a provider of data privacy solutions. Protects critical data from both internal and external threats, and ensure compliance with legislative and policy mandates for security. |
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Companies raising their Series C round of financing led this week’s venture capital activity. Series C financings represented 42% of the total venture capital deployed this period. The largest private venture financing in Series C stage financing this period was into T-RAM. Ten companies raised $151.6 million in their Series C round.
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
T-RAM |
Semiconductor |
$40 million |
| 2 |
InfoBlox |
Communications |
$30.5 million |
| 3 |
Molecular Insight Pharmaceuticals |
Biotechnology |
$28 million |
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The following fifteen and other unnamed investors funded the above mentioned top three venture capital investments for $98.52 Million: |
| 1 | CenterPoint Ventures | | 2 | Chess Ventures | | 3 | Duchossois Technology Partners | | 4 | Emigrant Capital | | 5 | InterWest Partners | | 6 | Lehman Brothers Venture Partners | | 7 | Mayfield | | 8 | MedCap Management Research | | 9 | New Enterprise Associates | | 10 | Open Prairie Ventures | | 11 | Sequoia Capital | | 12 | Siemens Venture Capital | | 13 | Tallwood Venture Capital | | 14 | Tudor Investment | | 15 | US Venture Partners |
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A total of 83 equity financings of private and public companies occurred during this reporting period. Each of the 83 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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