$80 million (4 percent) in 12 deals (almost 10 percent) in Massachusetts, and $30 million (1 percent) in nine deals (8 percent) in New York.
—The cleantech sector attracted the most dollars—$620 million—during the second quarter. But there were only 12 deals. It was more than twice the $301 million in venture capital that went into 22 cleantech deals during the same quarter last year.
—Internet was a busy sector. Corporate venture arms invested $513 million in 48 Internet deals during the second quarter, which represented 27 percent of the $2.1 billion in corporate capital and 42 percent of the deals. But most of that money (79 percent) and most of the deals (67 percent) went to Internet startups in California.
—-Healthcare attracted $334 million from corporate VCs, who invested in 21 deals. That was a 38 percent drop from the $539 million invested during the same quarter of 2011, and a 27 percent fall in deals. Yet it represented a 93 percent increase from the $173 million invested in the first quarter of 2012, and a 50 percent gain in deals.
—Corporate investments in mobile and telecommunications ventures totaled $146.7 million during the second quarter, and there were 15 deals. California led in deals as well as dollars, but Massachusetts made a strong, second-place showing, with 13 percent of the deals and 24 percent of the dollars.
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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