Ernst and Young Releases VC Survey

Ernst and Young/VentureOne has released first quarter VC data for Southern California, which shows and increase in VC investments in the LA and San Diego areas, and a definite upswing in both IT and healthcare investments. The survey show a total of 26 IT rounds of $252M last quarter, up from $147M the previous quarter, and 15 healthcare rounds totaling $268M up from $209M the previous quarter. The most active investors were Zone Ventures, Forward Ventures, and Enterprise Partners Venture Capital.