Venture Capital Activity is Up 39% - California, Software, and Series A Financings are Hot

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http://www.capitalhunter.com identified that over $326 million of venture capital was invested in 29 U.S.-based companies during the reporting period of May 7, 2004 through May 13, 2004. The average deal size was approximately $11.24 million. The amount of venture capital invested this period is up by 39% from last weekÂ?s $235 million.

http://www.capitalhunter.com identified that over $326 million of venture capital was invested in 29 U.S.-based companies during the reporting period of May 7, 2004 through May 13, 2004. The average deal size was approximately $11.24 million. The amount of venture capital invested this period is up by 39% from last week’s $235 million.

Venture Capital Investments by Region

Geographically, 9 California companies raised $73 million in venture financings. The largest venture financing in California this period was into InSound Medical, Inc. for $17.2 million. InSound Medical, Inc. is a Newark based company that manufactures devices for the hearing impaired.

Venture Capital Investments by Sector

The software sector raised 31% of the venture capital this period. 13 software companies raised over $103 million in venture financing. The largest venture financing was by WildTangent, Inc. for $16.5 million. WildTangent, Inc. is headquartered in Redmond, WA and provides multimedia graphics, animation, and other interactive applications.

Venture Capital Investments by Round

Companies raising their Series A round led this weeks venture capital activity. Series A companies represented 40% of the total venture capital deployed this period. The largest Series A financing was into IntelliRisk Management which is a provider of customer management solutions specializing in customer retention, accounts receivable management, and collections services.

Top Three Venture Capital Investments

1.    IntelliRisk Management

2.    Amicus Therapeutics

3.    Disc Dynamics

Venture Capitalists funding the Top Three Deals

The following eighteen investors funded the above mentioned top three venture capital investments in excess of $108 million: Affinity Capital Management, Brightstone Ventures, Canaan Partners, CHL Medical Partners, Frazier Healthcare Investments, Harvest Partners, New Enterprise Associates, Pequot Capital, Radius Venture Partners, St. Paul Venture Capital, Venture Partners.

About http://www.capitalhunter.com

http://www.capitalhunter.com is a financial information service company that collects and disseminates data on investors and their corresponding equity financings. The company also provides a searchable database of historic financings, weekly financing reports, and quarterly studies.

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Dante Fichera, CPA
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