Friday, January 18, 2013
Local Startups Draw Far And Wide For Funding In Q4
If you're a Southern California startup, it's most likely you're going to find funding from local, Southern California startup funds, right? Maybe not. According to data from the latest PricewaterhouseCoopers/NVCA MoneyTree report, the funding for Southern California's startups in Q4 of 2012 came from a total of 124 different venture groups, only 26 of which (20%) were actually based in Southern California. Among the top investors, some of the most active (500 Startups, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Oak Investment Partners) don't have local investment coverage.
Although California is well represented, there's a healthy number of investors from New York, Massachussetts, and elsewhere in the country; not to mention investors from as far afield as Switzerland, Belgium, Sweden, Russia, China, Japan, Germany, Hong Kong, and the UK. The stats are just some of the interesting data to emerge in the report, which was issued Friday morning.
The report found that there was $683.7M invested in Southern California in Q4, down from the $859.6M raised in Q4 of 2011, against the backdrop of an overall lull in venture capital activity for the year nationally.