Weekly Venture Capital Activity Week March 28, 2005 through April 3, 2005
This reporting period companies based in California operating in the Software industry and that have raised their Later round of financing led the pack in the amount of venture financing raised. Also, there were three IPOs this reporting period.
(PRWEB) April 6, 2005
www. capitalHunter. com was able to verify that $324 million of venture capital was invested in 35 U. S.-based companies during this weekÂ’s reporting period. The average deal size was approximately $9.26 million. The amount of venture capital invested this period increased by 32% compared to last periods $245 million.
Geographically,11 California companies raised $103.72 million in venture financings which represents 32% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into NewScale. NewScale raised $15 million and is a Foster City based provider of Service Delivery Management software that enables Global 2000 companies to run IT organizations like a business -- by defining the catalog of services they deliver to the enterprise, automating self-service ordering, managing service delivery, and tracking cost and performance across internal and external service providers.
The software sector raised 35% of the venture capital this period. Seventeen software companies raised $111.25 million in venture financing. The largest private venture financing in the software sector this period was into INVIDI Technologies. INVIDI Technologies raised $16 million and is a Princeton, NJ based company that develops a software system, ADVATA. Its software-based tools and systems have harnessed the power of cable's digital infrastructure and the "DSTB network" to enable advertisers and media buyers to selectively target cable viewers with the same pinpoint accuracy as direct mail and database marketing — without compromising viewer privacy.
Companies raising their Later round of financing led this weekÂ’s venture capital activity. Later financings represented 42% of the total venture capital deployed this period. The largest private venture financing in Later stage financing this period was into TolerRx. TolerRx raised $31 million and is Cambridge, MA based that is a biopharmaceutical company specializing in the discovery and development of therapies that induce and maintain immunological tolerance.
The three largest venture deals this period are as follows:
1. TolerRx, Biotechnology, $31 million
2. Whittmanhart, Business Services, $25 million
3. Confluent Surgical, Medical Devices, $23 million
The following twenty five and other unnamed investors funded the above mentioned top three venture capital investments for $79 Million:Aozora Investment, Artal Services, Ascension Health Ventures, Bear Stearns Health Innoventures, Cross Atlantic Partners, Duke University, Essex Woodlands Health Ventures, Genentech, HealthCare Ventures, HLM Venture Partners, Key Venture Partners, Lehman Brothers Venture Partners, Mizuho Capital, NIF Ventures, Rho Ventures, Skyline Ventures, SV Life Sciences, Technology Investment Capital, The Sprout Group, Three Arch Partners, Ticonderoga Capital, Topspin Partners, Vertex Management Group, Wheatley Partners, Yasuda Enterprise Development
A total of 100 equity financings of private and public companies occurred during this reporting period. Each of the 100 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPEÂ’s, and IPOÂ’s.
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