Rocky Mountain Area Startups Raise $81.65M In Q1

Rocky Mountain area startups raised $81.65M in Q1, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters. According to the groups, in their quarterly MoneyTree venture capital survey, most of the local investment this quarter was in Colorado, which tallied $56.95M in investments, followed by Arizona, with $12.8M, and Wyoming, with $10M in venture investments. New Mexico had $7.5M in investments, and Montana with $1.5M. Utah--which normally has a significant amount of venture investment activity--only had $400,000 included in the report this quarter, down from $38M tallied in Q4.

Overall, the investment levels were down significantly from the nearly $203M invested in the region in Q4 of 2009. Nationally, venture capital investments were also down, by around 9 percent, with $4.7 billion invested in 681 deals nationally. Nationwide, the biggest investment areas were Biotechnology ($825M in 99 deals), Internet-specific companies ($807M in 158 deals), and Clean Technology ($773M in 69 deals).