the quarter. In the same quarter last year, VCs invested $232 million in 30 startups in Texas.
CB Insights also broke out data for certain states:
In California, CB Insights reports that venture firms invested slightly more than $2.6 billion in 271 companies. While the Golden State continues to dominate in terms of overall venture capital investments, funding during the quarter was 25 percent lower than the $3.4 billion that was invested in California during the same quarter in 2009.
In Massachusetts, CB Insights said $466 million was invested in 87 deals during the quarter. While the deal count remained relatively steady compared to recent quarters, venture capital invested was down by a third compared to the $689 million invested during the prior quarter and nearly 22 percent below the $596 million invested in the same quarter last year. Healthcare deals accounted for 37 percent of Massachusetts’ deal volume and 49 percent of the venture dollars invested.
In Washington State, $222 million was invested in 34 startups during the quarter, a nice rise over the $211 million invested in 25 startups during the prior quarter—and a 54 percent increase in capital invested during the same quarter last year, when $144 million was funneled into 21 companies. Healthcare accounted for 56 percent of the venture capital invested—and 29 percent of the deals in Washington during the quarter, while Internet companies brought in 38 percent of the deals and 26 percent of the dollars.
Pages: Page 1, Page 2, Page 3
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.
View all posts by Bruce V. Bigelow