PricewaterhouseCoopers and the National Venture Capital Association are reporting today that venture capitalists invested $3.7B in 612 deals in Q2 of the year, according to data from Thomson Reuters, with Southern California seeing $331.2M in 52 venture deals. According to the report, financing nationally was essentially flat from Q1 of 2009, when $3.2B was invested in 603 deals. Totals tallied by PwC/NVCA for Southern California were down dramatically from Q2 of last year, when $983.9M was invested in 105 firms, and flat from Q1 of 2009, when $301.26M was invested in 55 firms.
Locally, Los Angeles saw $74.8M in 18 deals; Orange County $84.2M in 12 deals; and San Diego $172.2M in 22 deals. The largest deal tracked by the report was $50M in funding for Carlsbad-based PhotoThrea; followed by $30M in funding for Costa Mesa-based Energy and Power Solutions. By far, the most active industry for venture deals in Southern California was for Medical Devices and Equipment, with $124.6M of the total.
posted on Tuesday, July 21, 2009
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