This reporting period companies based in California operating in the Telecommunications industry and that have raised their Series D, E & up 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 $341 million of venture capital was invested in 29 U.S.-based companies during this week’s reporting period. The average deal size was approximately 11.76 million. The amount of venture capital invested this period decreased by 20% compared to last periods $427 million. |
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Geographically, 10 California companies raised $153.2 million in venture financings which represents 45% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into Force 10 Networks. Force 10 Networks raised $45 million and is a Milpitas provider of gigabit and 10 gigabit Ethernet switches and routers for network service providers. |
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The telecommunications sector raised 22% of the venture capital this period. Five telecommunications companies raised $76.7 million in venture financing. The largest private venture financing in the software sector this period was into Global Locate, a San Jose provider of assisted-GPS technology for wireless devices and networks. |
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Companies raising their Series D, E & up round of financing led this week’s venture capital activity. Series D, E & up financings represented 44% of the total venture capital deployed this period. The largest private venture financing in Series D, E, & up stage financing this period was into Force 10 Networks |
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
Force 10 Networks |
Networks & Equipment |
$45 million |
| 2 |
Calypso Medical Technologies |
Medical Devices |
$44 million |
| 3 |
superDimension |
Medical Devices |
$27 million |
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The following fourteen and other unnamed investors funded the above mentioned top three venture capital investments for $116 Million: |
| 1 | Arnerich Massena & Associates | | 2 | BB Biotech | | 3 | Crosslink Capital | | 4 | Frazier Healthcare Ventures | | 5 | Integra Ventures | | 6 | Meritech Capital Partners | | 7 | Merlin BioMed Group | | 8 | Mitsui & Company Venture Partners | | 9 | Morgenthaler Ventures | | 10 | New Enterprise Associates | | 11 | OrbiMed Advisors | | 12 | RockPort Ventures | | 13 | U.S. Venture Partners | | 14 | WorldView Technology Partners |
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A total of 69 equity financings of private and public companies occurred during this reporting period. Each of the 69 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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