Bay State Venture Funding Perked Up in November: There Were Even Some Energy Deals

an estimate as the round was unspecified for three deals, but I am pretty sure I got it right). This continues the strong tide of investments in early-stage companies we have seen for the past six months.

—Healthcare deals dominated in both numbers and dollar value, with $124.5 million put into nine deals. The next biggest sector in dollar terms was software, where $33.3 million was invested in two deals, but $31.3 million of that was CambridgeSoft. Internet and mobile tied for second in terms of deal numbers, with a trio of deals in each sector.

—Internet startups, which typically rival healthcare in terms of deal numbers, saw the biggest decline of any sector. After tallying nine deals in each of the previous two months, it only claimed two deals in November. Meanwhile, the dollars invested in the sector over the past three months have gone from $62.2 million in September to $41.6 million in October and just $11.25 million last month.

ChubbyTableNov09BOS

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.