April 12, 2004 National Venture Capital Activity Prepared by: Dante Fichera

Over $419 million of venture capital was invested in 34 U.S.-based companies during this reporting period. The average deal size was approximately $12.32 million. The amount of venture capital invested this period is down 25% from last weeks $558 million.

(PRWEB) April 23, 2004 -- Venture Capital Investments by Region

Geographically, 11 California companies raised $133.5 million in venture financings. The largest venture financing in California this period was by two companies Affymax, Inc. for $20 million and by Cortina Systems for $20 million.

Venture Capital Investments by Sector

The Software sector raised 36% of the venture capital this period. 15 Software companies raised $154.35 million in venture financings. The largest venture financing in the Software sector this period was by OutlookSoft Corporation for $22.5 million. OutlookSoft Corporation which is a software company headquartered in Stamford, CT and develops Web-based business planning and performance management software for strategic planning, budgeting, forecasting, analysis and reporting.

Venture Capital Investments by Round

Companies raising their Series C rounds of funding represented 36% of the total venture capital deployed this period. The largest Series C financing was by Corus Pharma, Inc. which biotechnology company based in Seattle, WA. The company develops drugs to treat unmet needs in the infectious disease and respiratory areas. To learn more about this deal and many others please visit www.capitalhunter.com and obtain a free trial subscription to our service.

A total of 45 equity financings of private and public companies occurred during this reporting period. Each of the 45 equity financings are profiled in a weekly report as well as over 30,000 other historic equity financings that you can obtain as a subscriber. Please visit www.capitalhunter.com and get immediate access for free for a two week trial period. New subscribers receive free investor analysis.