Tuesday, October 20, 2009
Venture Capitalists Invest $475.5M In Southern California In Q3, Says MoneyTree
PricewaterhouseCoopers and the National Venture Capital Association have weighed in on Q3 venture capital totals, saying that $475.5M was invested in 65 Southern California deals in Q3, compared to $773.3M and 87 deals in Q3 of last year. Nationally, the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters, found that there was $4.8 billion invested in 637 deals in Q3, up 17 percent quarter-to-quarter, but down three percent in deals.
In the region, San Diego led in Q3 deals, with $236.3M in 32 deals, followed by Los Angeles with $172.3M in 25 deals. Orange County had $66.8M in 8 deals. The biggest deals in the quarter came for San Diego's Roka Bioscience, with a $37.2M round; San Diego-based Zogenix with a nearly $36M funding round; and Hawthorne-based Space Exploration Technology (SpaceX), which raised $30.4M.
PwC/NVCA said that Mission Ventures and Enterprise Partners were the most active local VCs for the quarter, with five deals each; Clearstone Ventures had four, and DFJ Frontier and Palomar Ventures reported three deals each.
Dow Jones VentureSource tallied $5.1 billion in 616 deals, nationally, and $458M in 66 deals locally for Q3, in results released over the weekend.