Weekly Venture Capital Activity Week April 25, 2005 through May 1, 2005
This reporting period companies based in California operating in the Software industry and that have raised their Series A round of financing led the pack in the amount of venture financing raised. Also, there was one IPOs this reporting period. New to www. capitalHunter. com, submit your business plan for a free review by our experienced staff of analysts and see if you qualify for investment capital. Also, if you would like to access our database of investors and newly financed companies please visit our website and receive a 20% discount by using the discount code VC Weekly Venture Capital Activity Week April 25, 2005 through May 1, 2005
(PRWEB) May 8, 2005
www. capitalHunter. com was able to verify that $238 million of venture capital was invested in 33 U. S.-based companies during this weekÂ’s reporting period. The average deal size was approximately $7.22 million. The amount of venture capital invested this period decreased by 35% compared to last periods $364 million.
Geographically,12 California companies raised $121.20 million in venture financings which represents 51% of the total venture capital invested this reporting period. The largest private venture financing in California this period was into Receptor Biologix. Receptor Biologix raised $33.6 million and is a San Bruno biopharmaceutical company developing protein therapeutics to treat cancer, autoimmune, metabolic and other diseases.
The software sector raised 49% of the venture capital this period. Thirteen software companies raised $116.6 million in venture financing. The largest private venture financing in the software sector this period was into WhenU. com. WhenU. com raised $20 million and is a New York, NY based provider of software-based contextual online advertising which allows consumers to make superior purchasing decisions.
Companies raising their Series A round of financing led this weekÂ’s venture capital activity. Series A financings represented 38.7% of the total venture capital deployed this period. The largest private venture financing in Series A stage financing this period was into Receptor Biologix. Twelve companies raised $92.27 million in their Series A round.
The three largest venture deals this period are as follows:
1 Receptor Biologix Biotechnology 33.6
2 WhenU. com Software 20
3 ChannelAdvisor Software 18
The following thirteen and other unnamed investors funded the above mentioned top three venture capital investments for $71.6 Million:ABS Capital Partners, Advanced Technology Ventures, BlueSky Ventures, Domain Associates, eBay, Essex Woodland Health Ventures, Kodiak Venture Partners, MedImmune Ventures, Northwest Technology Ventures, Skyline Ventures, Southern Capitol Ventures, Takeda Research Investment, Tri-State Investment Group.
A total of 71 equity financings of private and public companies occurred during this reporting period. Each of the 71 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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