Week 05/23/2005 through 05/29/2005

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 was four IPOs this reporting period.

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CapitalHunter.com was able to verify that $427 million of venture capital was invested in 32 U.S.-based companies during this week’s reporting period. The average deal size was approximately 13.34 million. The amount of venture capital invested this period increased by 93% compared to last periods $221 million.

Geographically, 14 California companies raised $259.6 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 Good Technology. Good Technology raised $65 million and is a Santa Clara provider of wireless enterprise e-mail and data systems that includes software, services, and handhelds for mobile workers.
The software sector raised 27% of the venture capital this period. Eight software companies raised $115.1 million in venture financing. The largest private venture financing in the software sector this period was into Good Technology.
Companies raising their Series B round of financing led this week’s venture capital activity. Series B financings represented 38% of the total venture capital deployed this period. The largest private venture financing in Series B stage financing this period was into Phenomix Corporation, a San Diego based drug discovery and development company with a portfolio of therapeutic programs underway in immune disease and metabolic syndrome. Eleven companies raised $161.6 million in their Series B round.
The three largest venture deals this period are as follows:
  Company Industry Investment
1 Good Technology Software $65 million
2 Phenomix Corporation Biotechnology $40 million
3 InPhaseTechnologies Computers & Peripherals $32.1 million


The following eighteen and other unnamed investors funded the above mentioned top three venture capital investments for $137.1 Million:
1Advanced Equities Financial
2ALPS Information Technology Fund LP
3Alta Partners
4Baker Brothers Investments
5Bay City Capital
6Bayer MaterialScience AG
7CMEA Ventures
8Delphi Ventures
9GBS Venture Partners
10Hitachi Maxell
11Japan Asia Investment
12JPMorgan Partners
13Nanotech Partners
14New Venture Partners
15Novartis BioVenture Fund
16NTP
17Sofinnova Ventures
18Yasuda Enterprise Development

A total of 74 equity financings of private and public companies occurred during this reporting period. Each of the 74 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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Features
Venture Capital Activity Highlights
Venture Capital Investments by Region
Venture Capital Investments by Sector
Venture Capital Investments by Round
Top Three Venture Capital Investments
Venture Capitalists Funding the Top Three Deals
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