Thursday, April 29, 2010
Global Venture Capital Investment Up 13 Percent
A new report this morning from Dow Jones VentureSource find that global venture capital investing is up 13 percent in the first quarter of 2010, as the market for investment rebounded. According to Dow Jones, there was $7 billion invested in 919 deals for companies in the U.S., Europe, Canada, Israel, Mainland China and India. The U.S. continued to lead the worldwide venture numbers, with 65 percent of the deals, and 67 percent of the dollars for Q1. Global hot spots for venture capital included Canada--which saw an 81 percent increase in investments from the same quarter last year--and China, with a 35 percent increase in investments for the quarter. Canada's total venture investments in Q1 was $165M, with China raising $579M. India had about $259 million invested in Q1, Israel $212 million, and Europe had investments of $1.1 billion. For comparison, although Dow Jones VentureSource did not break out U.S. totals, an earlier, competing report from PricewaterhouseCoopers placed Southern California's Q1 venture investments at $686.5M.