Venture Capital Market Continues to Improve
The PricewaterhouseCoopers & National Venture Capital Association MoneyTree TM Report for the second quarter was good news for startups looking for money. $7.5 billion was invested in 966 deals in the second quarter, the highest levels since the second quarter of 2008. Deals and dollars were up 19% from the first quarter. First half investments were up 12% over the first half 2010.
Software, biotechnology, medical devices and equipment, IT services and media and entertainment led the way. Ten of the seventeen sectors experienced double digit growth. Internet specific investments, companies with a business model dependent on the internet, accounted for 5 of the top 10 deals. Clean technology, a classification that crosses the standard sectors, accounted for $942 million in investments.
Seed and early stage investments were $2.4 billion with 464 deals. That was 32% of the total dollars and 48% of the deals. The average seed investment was $1.8 million and the average early stage investment was $5.8 million.
The report can be found at the link below.
MoneyTree TM Report
Richard Gabel
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