CapitalHunter.com Reports: Venture Capital Activity Still Strong With Over $363 Million Raised Nationally

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CapitalHunter.com identified that over $363 million was raised primarily by California based software companies this reporting period. In addition, seven companies began trading on Wall Street for a total of $3.1 billion, a significant increase compared to the prior week’s $103 million.

CapitalHunter.com identified that $363 million of venture capital was invested in 37 U.S.-based companies during this week’s reporting period. The average deal size was approximately $9.84 million. The amount of venture capital invested this period decreased by 22% over last week’s $468 million explosive performance. Visit http://www.capitalhunter.com for a two week free trial.

On Wall Street this reporting period seven IPO’s hit the trading floor: ACADIA Pharmaceuticals (http://www.acadia-pharm.com), Alnylam Pharmaceuticals (http://www.alnylam.com), AngioDynamics (http://www.angiodynamics.com), Critical Therapeutics (http://www.criticaltherapeutics.com), Genworth (http://www.genworth.com), Republic Airways Holdings (http://www.republicairways.com), and Standard Parking Corporation (http://www.standardparking.com)

Venture Capital Investments by Region

Geographically, 17 California companies raised $174.9 million in venture financings. The largest venture financing in California this period was into evalve, Inc. (http://www.evalveinc.com) for $35 million. evalve, Inc. is a Redwood City based company that designs, develops, manufactures and markets products which enable the endovascular repair of cardiac valves.

Venture Capital Investments by Sector

The software sector raised 29% of the venture capital this period. 16 software companies raised over $105 million in venture financing. The largest venture financing was by Itemfield, Inc. (http://www.itemfield.com) for $13.5 million. Itemfield, Inc. is headquartered in San Mateo, CA and is a provider of real-time, bi-directional, XML-based data transformation software.    

Venture Capital Investments by Round

Companies raising their Series B round led this week’s venture capital activity. Series B companies represented 36% of the total venture capital deployed this period. The largest Series B financing was into Tacit Networks, Inc. (http://www.tacitnetworks.com) for $16.9 million. Tacit Networks, Inc. is an innovator in enterprise-class wide area network (WAN)-based storage consolidation solutions.

Top Three Venture Capital Investments

The three largest venture deals this period are as follows:

1.    Altus Pharmaceuticals (http://www.altus.com)

2.    evalve

3.    Tacit Networks

Venture Capitalists funding the Top Three Deals

The following thirteen investors funded the above mentioned top three venture capital investments in excess of $102 million: ABS Ventures (http://www.absventures.com), Canaan Partners (http://www.canaan.com), CTTV Investments (http://www.chevrontexaco.com/technologyventures/), Cutlass Capital (http://www.cutlasscapital.com), Delphi, Guidant Corporation (http://www.guidant.com), JP Morgan Partners (http://www.jpmorgan.com/pages/jpmorgan/jpmorganpartners), New Enterprise Associates (http://www.nea.com), RRE Ventures (http://www.rreventures.com), SAS Investors (http://www.sasinvestors.com), St. Paul Venture Capital (http://www.spvc.com), Three Arch Partners (http://www.threearchpartners.com), Warburg Pincus (http://www.warburgpincus.com)

A total of 75 equity financings of private and public companies occurred during this reporting period. Each of the 75 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s. Also available is access to over 30,000 other historic equity financings through the http://www.capitalhunter.com searchable database.

About CapitalHunter.com

CapitalHunter.com is a web-based financial information company that identifies and disseminates national data on venture capital and other equity financings.

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