Prepared by Capital Hunter analysts
As we cautioned last week, very little activity happened this reporting period, as only sixteen companies received venture capital financing totaling approximately $165 million, which under normal circumstances would be an abysmally low figure. The weekly venture capital activity chart below will have this period’s numbers but we will likely roll them up into the upcoming period’s numbers. In addition there are no IPOs to report, so this newsletter will be rather brief this week. Don’t be surprised if you see large numbers this upcoming week, as employees at firms that took the entire Fourth of July week off go through all of their backlogged work.
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CapitalHunter.com was able to verify that $165 million of venture capital was invested in 16 U.S.-based companies during the past week. The average deal size was approximately 10.31 million. The amount of venture capital invested this period decreased by 49% compared to last periods $326 million. |
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California was the largest recipient of venture capital funding this week. Eight California companies raised $96.4 million in new equity financing, which accounted for 58% of the total venture capital invested this reporting period. The largest private venture financing in California was placed into Ambrx. Ambrx raised $52 million in Series C funding and is a biopharmaceutical company committed to transforming the science and performance of protein-based medicines. |
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The biotechnology sector raised the most venture capital this reporting period, with four companies raising $79 million in venture financing, which accounted for 49% of the venture capital this period. The largest private venture financing in the biotechnology sector was also Ambrx. |
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Start-ups raising their Series C stages of financing represented the largest share of the funding pie, as a whopping 42% of all money invested this period went into such companies. The largest such financing was also placed into Ambrx.
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The three largest venture deals this period are as follows: |
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Company |
Industry |
Investment |
| 1 |
Ambrx |
Biotechnology |
$52 million |
| 2 |
InSilica |
Semiconductors |
$18 million |
| 3 |
Constant Contact |
Business Services |
$15 million |
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The following twenty companies and other unnamed investors funded the above mentioned top three venture capital investments for $85 million: |
| 1 | 5AM Ventures | | 2 | Apposite | | 3 | Aravis Ventures | | 4 | CMEA Ventures | | 5 | Commonwealth Capital Ventures | | 6 | Crossbow Ventures | | 7 | Dow Employees' Pension Plan | | 8 | Flextronics | | 9 | Glynn Ventures | | 10 | Greylock Ventures | | 11 | Hudson Ventures | | 12 | Intel Capital | | 13 | Longworth Venture Partners | | 14 | Maverick Capital | | 15 | Morgan Stanley Venture Partners | | 16 | NewPath Ventures | | 17 | Roche Venture Fund | | 18 | Tavistock Life Sciences | | 19 | Union Carbide Employee's Pension Plan | | 20 | Versant Ventures |
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A total of 35 equity financings of private and public companies occurred during this reporting period. Each of the 35 equity financings are profiled in a weekly (in this case biweekly) report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s.
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