SAN DIEGO, CA (PRWEB) June 15, 2004
CapitalHunter.com identified that $414 million of venture capital was invested in 23 U.S.-based companies during this week’s reporting period. The average deal size was approximately $16.56 million. The amount of venture capital invested this period increased by 59% over last week’s $260 million. For a full graphical analysis go to http://www.capitalhunter.com/weeklyreport.asp
Venture Capital Investments by Region
Geographically, 12 California companies raised $214.6 million in venture financings. The largest venture financing in California this period went into Force10 Networks, Inc. (http://www.force10networks.com) for $74.9 million. Force10 Networks is a Milpitas based company that is the pioneer in resilient Gigabit and 10 Gigabit Ethernet switching and routing.
Venture Capital Investments by Sector
The software sector raised 37% of the venture capital this period. Sixteen software companies raised over $153 million in venture financing. The largest venture financing was by Pixel Magic Imaging, Inc. (http://www.pixelmagic.com), a company that provides digital imaging solutions for retailers.
Venture Capital Investments by Round
Companies raising their Series C rounds led this week's venture capital activity. Series C companies represented 34% of the total venture capital deployed this period. The largest Series C financing went into Spreadtrum, Inc. (http://www.spreadtrum.com), a fabless semiconductor company that develops and markets innovative digital wireless communications products.
Top Three Venture Capital Investments
The three largest venture deals this period are as follows:
1. Force10 Networks (http://www.force10networks.com)
2. TechTarget (http://www.techtarget.com)
3. Spreadtrum (http://www.spreadtrum.com)
Venture Capitalists funding the Top Three Deals
The following fourteen investors funded the above mentioned top three venture capital investments for over $180 million: Crosslink Capital (http://www.crosslinkcapital.com), Fortunetech Partners (http://www.fortunetechvc.com), HuaHong International, Legend Capital (http://www.legendcapital.com), Meritech Capital Partners (http://www.meritechcapital.com), Morgenthaler Venture Partners (http://www.morgenthaler.com), New Enterprise Associates (http://www.nea.com), Pacific Venture Group (http://www.pacven.com), Polaris Venture Partners (http://www.polarisventures.com), Technology Crossover Ventures (http://www.tcv.com), U S Venture Partners (http://www.usvp.com), Vertex Venture Capital (http://www.vertex.co.il), and WorldView Technology Partners (http://www.worldview.com)
CapitalHunter.com is a financial information service company that collects and disseminates data on investors and their corresponding equity financings. A total of 58 equity financings of private and public companies occurred during this reporting period. Each of the 58 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. The database is updated daily.
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