Venture Capital Investment Up in Q2

pwc logoAccording to a report from PriceWaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters, venture capitalists funneled $6.5 billion into 906 startups in Q2, an increase of 53 percent over the same period in 2009. The software industry led the way with 229 rounds of funding, but clean tech led financing with $1.5 billion going into 71 deals. Internet-specific companies received $879 million via 212 deals in the quarter. TechCrunch has a good graphic of funding by category and quarter-over-quarter trends.

What does all this mean for the Southern California technology sector? According to SoCalTech.com, we’re tracking second only to Silicon Valley in year-to-date funding, with $857 million going into 91 investments in Q2, nearly double the $451 million put into 69 deals in Q2/2009. Among the largest Southern California firms receiving funding were Miles Electric Vehicles and Tri Alpha Energy. Redpoint Ventures and Steamboat Ventures were the most active Southern California firms involved in transations nationally.

All in all, it sounds like positive signs for the economic recovery, innovations in technology and the growth of Southern California’s software, clean tech and Internet industries.

  • Share/Bookmark

Leave a Reply

You must be logged in to post a comment.


  • Tweets....

    Posting tweet...

  • Category Cloud

  • Resources