Thursday, April 14, 2011
Rocky Mountain Region Sees $157.18M In Venture Capital in Q1
The Rocky Mountain region saw a boost in its venture capital investments in Q1, according to the latest numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. According to the MoneyTree report, there was $157.18M in venture capital investments in Q1 in the region, up from only $87.525M in Q1 of 2010.
The states with the biggest investments were Colorado, with $63.1M spread across 15 deals, Arizona, with $55.8M in investments across 9 deals, and Utah, with $22.58M in 7 venture deals. New Mexico firms raised $15.6M.
Nationally, venture capital investment up slightly, at $5.9 billion in 736 deals in the first quarter vs. $5.6 billion a year ago. Although dollars were up, the number of deals (736 nationally in Q1 vs. 827 deals last year) was the lowest in a single quarter since Q3 of 2009.