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Southern California Venture Capital Investments Hit $1.1B




Ernst & Young and Dow Jones VentureOne released their quarterly venture capital deal flow numbers this morning, reporting that Southern California saw $1.10 billion in investments in the first quarter of 2007. According to the report, this is the third quarter in a row that Southern California has seen more capital investment than New England, and the first time that Southern California has topped $1B in investments in a single quarter since 2000. Overall, there was $6.96 billion in deals in the first quarter nationwide, an increase in 8% compared to the same period last year. Total deal count for the quarter was 584 deals, down from 31 deals from Q1 of last year. The report found that alternative energy and environmental technologies and healthcare were the sectors seeing the most increase in activity, with information technology seeing a decline in deals.


 

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