This reporting period companies based in California operating in the Networks & Equipment industry and that have raised their Series C round of financing led the pack in the amount of venture financing raised. Also, there was two IPOs this reporting period.
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CapitalHunter.com was able to verify that $221 million of venture capital was invested in 26 U.S.-based companies during this week’s reporting period. The average deal size was approximately 8.50 million. The amount of venture capital invested this period decreased by 67% compared to last periods $669 million. |
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Geographically, 12 California companies raised $131 million in venture financings which represents 60% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into Caspian Networks. Caspian Networks raised $31.4 million and is a San Jose an Internet infrastructure company specializing in flow-state IP QoS systems for network service providers. |
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The networking & equipment sector raised 38% of the venture capital this period. Five networking & equipment companies raised $82.4 million in venture financing. The largest private venture financing in the networking & equipment sector this period was into Caspian Networks. |
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Companies raising their Series C round of financing led this week’s venture capital activity. Series C financings represented 28% of the total venture capital deployed this period. The largest private venture financing in Series C stage financing this period was into Voltage Security , a Palo Alto provider of enterprise privacy management solutions for digital business communication. Six companies raised $62.3 million in their Series C round. |
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The three largest venture deals this period are as follows: |
| |
Company |
Industry |
Investment |
| 1 |
Caspian Networks |
Networks & Equipment |
$31.4 million |
| 2 |
AgileTV |
Telecommunications |
$22 million |
| 3 |
Voltage Security |
Networks & Equipment |
$15 million |
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The following nine and other unnamed investors funded the above mentioned top three venture capital investments for $68.4 million: |
| 1 | Hummer Winblad Venture Partners | | 2 | Insight Communications | | 3 | Lauder Partners | | 4 | Menlo Ventures | | 5 | Morgenthaler Partners | | 6 | Oak Investment Partners | | 7 | Siemens Venture Capital | | 8 | U.S. Venture Partners | | 9 | Valence Capital Management |
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A total of 59 equity financings of private and public companies occurred during this reporting period. Each of the 59 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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