PricewaterhouseCoopers and the National Venture Capital Association released their Q1 venture capital numbers today, following the VentureOne/Ernst & Young Venture Capital report release yesterday. Both surveys showed an increase in investment for the quarter, with PWC's MoneyTree report showing $5.6B invested in 761 deals last quarter, and E&Y's Venture Capital Report showing $6.02B invested in 564 deals. Both reports showed an increase in the dollar value of venture capital investments for the quarter, with Ernst & Young saying that the amount invested was the most venture capital expended since the first quarter of 2001. Software and information technology investments led the increase, which offset a drop in the biotech investing area. According to E&Y, the largest deal for the quarter was the recent, $150M second round in Los Angeles-based Amp'd Mobile. E&Y reported that investment in Southern California increased by 24% last quarter to $658.6 million. PwC also reported that the Media and Entertainment sector, one of Southern California's strongpoints, hit its highest investment level since Q3 of 2001.
Top NewsTuesday, April 25, 2006
Southern California Sees Surge of VC Investment