Friday, October 15, 2010
Rocky Mountain Region Sees $150.5M In VC Funding In Q3
The Rocky Mountain region saw a total of $150.5M in funding, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters, released last night. According to the MoneyTree report, Colorado had 19 deals totaling $83.3M for Q3, Utah had 8 deals totaling $53.4M, and Arizona had 3 deals, worth $13.9M. That compares to $177.3M raised in the region in Q2. Colorado had an increase in dollars invested in the state--up from $63.8M last quarter--but had one less deal counted in the numbers. Arizona was down from the $35.6M invested last quarter, as was Utah, down from $77.6M in Q2. However, quarter-to-quarter trends in venture capital are notoriously sensitive, particularly with only a small number of deals in each of the states tracked by the report.
Nationwide, there was $4.8 billion invested across 780 venture capital deals, down 31 percent in dollars, and 19 percent in terms of the number of deals from Q2, as investment in all sectors slowed.