Monday, April 3, 2006
Southern California Q1 Venture Deals Up From Last Year
Q1 Venture Capital deals in Southern California totaled $763.2M in investments, with 68 deals since January of this year, according to our records. The venture capital dealflow this year was up from the similar period last year, where there were $527.3M in investments and 55 deals. The most active month this quarter was February, with 27 venture capital deals reported; January had 23 deals, and March had 18 deals. The most active firms in reported deals were Mission Ventures, Redpoint Ventures, Enterprise Partners, Tech Coast Angels, and Intel Capital. The biggest deals in the quarter were both bio/med deals, with Salick Cardiovascular Centers raising $75M and Cadence Pharmaceuticals raiding $53.8M. The third largest deal was MovieBeam, Disney's re-launched movie download service, which received $52.5M in funding. The most popular categories for funding were: Software, 12 deals; Biopharmaceuticals, with 8 deals; Information Services, with 8 deals, and Services with 6 deals. The numbers here are derived from the socalTECH Venture Database service, a subscription service of socalTECH that tracks venture capital in Southern California on a day to day basis, and only include deals funded by venture capital firms that were either reported in the press or were otherwise disclosed to socalTECH. More information »