Friday, April 15, 2016
Rocky Mountain Region Sees $305.516M In Venture Investments In Q1
The Rocky Mountain region saw a healthy Q1 in terms of venture capital investments, according to the latest MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. The report tallied a total of $305.516M invested across Arizona, Colorado, Utah, Idaho, New Mexico, and Montana. The largest amount of venture capital invested was in Utah, which had 14 companies which raised a total of $238.8M in the quarter. Colorado--in an unusual drop--only saw $44.5M in investment, across 15 companies. Arizona had 8 investments totaing $20.8M, New Mexico had 4 investment for a total of $18.07M, and Montana had a single investment worth $3.99M.
The biggest changes from quarter to quarter were a big increase from $57.4M in Q4 invested in Utah to the $238.8M, cross the same number of companies; and a big decrease in Colorado, which went from $281.3M invested in Q4 across 29 companies, to half the number of companies and a fraction of the prior total, $44.5M, invested in the state.
Nationally, there $12.1 billion invested in 969 deals acros the country, flat compared with $12.0 billion invested in Q4.