Monday, October 2, 2006

Southern California Q3 VC Deals

Southern California's venture capital deal flow in Q3 of this year totaled $794.93M in 70 deals, according to an analysis of socalTECH's venture capital database. The totals were up from the same period last year, where there was an investment of $431.25M in 52 deals, but down from the second quarter, where there was $1.07B in investments in 94 venture related deals in the area. The most number of deals were reported in September, with 32 deals, followed by 28 deals in August and only 10 deals in July. The most active investor in Q3 in Southern California was Domain Associates, which had 5 deals, followed by Versant Ventures, Draper Fisher Jurvetson, and Partech International, which all had 3 deals in the quarter. The biggest fundings reported during that time frame were Altra Biofuels, which raised $120M in August for its renewable fuel projects, followed by Demand Media, which garnered $100M in September. socalTECH.com maintains a database of Southern California venture capital deals, tracking angel investment and venture capital deals that are reported to the press or otherwise disclosed publicly. The investment totals here may differ significantly from the numbers from the widely followed PricewaterhouseCoopers MoneyTree report and VentureOne/Ernst & Young Venture Capital report due to the level of focus on Southern California deals, and methodology in collecting data. Both PricewaterhouseCoopers/National Venture Capital Association and VentureOne/Ernst & Young should release their quarterly VC numbers later this month.