San Francisco and New York. Cambridge, MA, was seventh, with 15 deals involving $193 million. Eight of the top 10 cities with the most third-quarter venture deals were in California.
Cambridge, MA, saw more investments in venture-backed healthcare technologies than any other city, with nine deals totaling $169 million. San Diego ranked second, with $151 million invested in 15 deals. Seattle ranked seventh, with $62 million invested in five deals.
Elsewhere on Xconomy’s turf, the highlights include:
—Massachusetts: Venture investments in Massachusetts companies totaled $596 million, a 26 percent increase over the prior quarter that outpaced the national average. About one-third (34 percent) of the VC deals in Massachusetts were in the Internet sector, and 29 percent were in healthcare. On the other hand, healthcare got 52 percent of the capital. In Massachusetts: Cambridge had 15 deals totaling $193 million; Burlington saw 6 deals for $75 million; Waltham, MA, had 7 deals for $57 million; and Boston firms saw 9 deals totaling $38 million.
—Washington state: Washington experienced a sharp drop in quarter-over-quarter VC funding, to $144 million during the third quarter from nearly $275 million in the second quarter. And one deal—a $50 million investment in Calypso Medical—accounts for more than a third of Washington’s third-quarter total. Other big deals included $14 million for Apptio and $13 million for VoiceBox Technologies.
The nation’s three biggest sectors for
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Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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