National Venture Capital Activity

Over $241 million of venture capital was invested in 25 U.S.-based companies during this reporting period. The average deal size was approximately $9.64 million. The amount of venture capital invested this period is down 42% from last weeks $419 million.

(PRWEB) April 25, 2004 --Geographically, 12 California companies raised $118.8 million in venture financings. The largest venture financing in California this period was into Ubicom, Inc. for $21 million. Ubicom is a wireless network processor and software platform product maker.

Venture Capital Investments by Sector

The Software sector raised 25% of the venture capital this period. 11 Software companies raised $62 million in venture financings. The largest venture financing in the Software sector this period was by Solid Information Technology for $14 million. Solid Information Technology which is a software company headquartered in Mountain View, CA and is a provider of an Autonomic Data Management Platform.

Venture Capital Investments by Round

Companies raising their Series B rounds of funding represented 58% of the total venture capital deployed this period. The largest Series B financing was into Dynogen Pharmaceuticals, Inc. which is a biotechnology company based in Boston, MA. The company Neuroscience-based pharmaceutical company focused on genitourinary and gastrointestinal disorders. To learn more about the 56 equity financings this week please visit www.capitalhunter.com and obtain a free trial subscription to our service -- no obligation.

Top Three Venture Capital Investments

The three largest venture deals this period are as follows:

1.   Dynogen Pharmaceuticals
2.   Ubicom
3.   Urban Brands

Venture Capitalists funding the Top Three Deals

The following nine investors funded the above mentioned top three venture capital investments in excess of $91 million:

1.   Atlas Venture Partners
2.   August Capital
3.   Dado Banatao
4.   Levensohn Venture Partners
5.   Medica Venture Partners
6.   Oxford Bioscience Partners
7.   Robert Grayson
8.   Schroder Ventures Group
9.   Trimaran Capital Partners

A total of 56 equity financings of private and public companies occurred during this reporting period. Each of the 56 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 can request a free investor analysis.