Tuesday, April 25, 2006
Venture Capital Quarterly Results Released
PricewaterhouseCoopers and the National Venture Capital Association released their Q1 venture capital numbers today, following the VentureOne/Ernst & Young Venture Capital report release yesterday. Both surveys showed an increase in investment for the quarter, with PWC's MoneyTree report showing $5.6B invested in 761 deals last quarter, and E&Y's Venture Capital Report showing $6.02B invested in 564 deals. Both reports showed an increase in the dollar value of venture capital investments for the quarter, with Ernst & Young saying that the amount invested was the most venture capital expended since the first quarter of 2001. Software and information technology investments led the increase, which offset a drop in the biotech investing area.