Monday, October 20, 2008
Venture Capital Totals Drop Slightly in Q3
PricewaterhouseCoopers and the National Venture Capital Assocation released their MoneyTree venture capital report over the weekend, reporting that venture capital firms invested $7.1 billion in 907 deals nationally in the third quarter of 2008. According to the report, which used data from Thomson Reuters, investments were down 7 percent compared with the second quarter of 2008. The report said that Colorado received $184.4M in 26 deals for the quarter, and the Southwest region--defined by the report as Utah, Arizona, New Mexico, and Nevada--scored $59.2M in 17 venture capital deals. The top industries for investment were Biotech, with $1.35 billion invested, then Software, with $1.34 billion. The third ranking sector for investments in Q3 was Industrial/Energy, which includes clean technology investments, which saw $1.2 billion invested.