Rocky Mountain Region Gets $178.6M In Q1 2007 Investments

A recent analysis of the venture capital database shows that companies in the region received roughly $178.6M in venture capital investments in Q1 of 2007. The analysis found that investors put $85.34M in Colorado in the quarter; $52.95M in Arizona; and $23.3M in Utah. The largest deal for the quarter was a $32M investment in Market Force Information of Boulder, Colorado in March, followed by investments in Anadigilog (Tempe, AZ) and iCrossing (Scottsdale, AZ), both with $18M in investments in February. Rounding out the five biggest deals for the quarter were Axial Biotech of Salt Lake City, which raised $15.3M and MIOX, based in Alburquerque, NM, which raised $14.5M in January. tracks day-to-day venture capital activity in the Rocky Mountain and surrounding region, and uses venture data disclosed by companies announcing funding; self-reported by both technology companies and venture firms; as well as regulatory filings and other sources. The totals reported will differ from other venture capital surveys, due to sources of information, timing of funding events, and classification of data. PricewaterhouseCoopers/National Venture Capital Association, and Ernst & Young/VentureOne will release their quarterly nationwide results of venture activity later this month.