Prepared by: Dante Fichera, CPA
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 ten IPOs this reporting period.
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CapitalHunter.com was able to verify that $219 million of venture capital was invested in 28 U.S.-based companies during this week’s reporting period. The average deal size was approximately 7.82 million. The amount of venture capital invested this period decreased by 42% compared to last periods $378 million. |
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Geographically, 10 California companies raised $79.1 million in venture financings which represents 38% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into Fiberxon . Fiberxon raised $20 million and is a Santa Clara, California based provider of high performance modular optical link interfaces for optical communication systems. |
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The networks & equipment sector raised 22% of the venture capital this period. Four networks & equipment companies raised $43.5 million in venture financing. The largest private venture financing in the networks & equipment sector this period was into Fiberxon. |
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Companies raising their Series C round of financing led this week’s venture capital activity. Series C financings represented 36% of the total venture capital deployed this period. The largest private venture financing in Series C stage financing this period was into Fiberxon.
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
Fiberxon |
Networks & Equipment |
$20 million |
| 2 |
IRM |
Medical Devices |
$20 million |
| 3 |
Pannaway Technologies |
Networks & Equipment |
$15.5 million |
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The following six and other unnamed investors funded the above mentioned top three venture capital investments for $55.5 Million: |
| 1 | Apax Partners | | 2 | Delphi Ventures | | 3 | Frazier Healthcare Ventures | | 4 | Greylock Partners | | 5 | J&J Development Corporation | | 6 | S. Robert Levine |
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A total of 87 equity financings of private and public companies occurred during this reporting period. Each of the 87 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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