Weekly Venture Capital Activity Week April 4, 2005 through April 10, 2005
This reporting period companies based in California operating in the Business Services industry and that have raised their Series A round of financing led the pack in the amount of venture financing raised. Also, there were three IPOs this reporting period.
(PRWEB) April 14, 2005
www. capitalHunter. com was able to verify that $360 million of venture capital was invested in 35 U. S.-based companies during this weekÂ’s reporting period. The average deal size was approximately $10.29 million. The amount of venture capital invested this period increased by 11% compared to last periods $324 million.
Geographically,12 California companies raised $114.85 million in venture financings which represents 32% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into Ambrx. Ambrx raised $23.4 million and is a San Diego based biopharmaceutical company committed to transforming the science and performance of protein-based medicines.
The business services sector raised 23% of the venture capital this period. Five business services companies raised $81.15 million in venture financing. The largest private venture financing in the business services sector this period was into Datran Media. Datran Media raised $60 million and is a New York, NY based company that is a full service offline and online database marketing company offering a comprehensive online media solution.
Companies raising their Series A round of financing led this weekÂ’s venture capital activity. Series A financings represented 45% of the total venture capital deployed this period. The largest private venture financing in Series A stage financing this period was into Datran Media. Seventeen companies raised $161.44 million their Series A round.
The three largest venture deals this period are as follows:
1,DatranMedia, Business Services,$60 million
2,National Renal Alliance, Health Services,$40 million
3,Ambrx, Biotechnology,$23.4 million
The following ten and other unnamed investors funded the above mentioned top three venture capital investments for $123.4 Million:5AM Ventures, Alexandria Real Estate Equities, Aravis Ventures, CMEA Ventures, Maverick Capital, Tavistock Life Sciences, Twilight Ventures, VantagePoint Venture Partners, Versant Ventures, Warwick Group
A total of 87 equity financings of private and public companies occurred during this reporting period. Each of the 87 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPEÂ’s, and IPOÂ’s.
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