that venture firms invested a total of nearly $1.17 billion in 110 healthcare deals, which was a 27 percent decline in deals and 36 percent drop in funding from the prior quarter, when VCs invested $1.56 billion in 151 deals.
Cleantech venture funding also continued its downward slide, and CB Insights reports that just $321 million invested across 33 deals.
Silicon Valley continued to reign over other regions in both CB Insights’ financing and exit stats. The valley widened its lead over Southern California in terms of both VC deals and dollars, claiming eight out of 10 deals and more than 80 percent of the funding invested in the Golden State.
New York ranked as the second most-active region in the CB Insights report, with VCs investing $670 million in 102 deals. That accounted for 9 percent of the funding and 12 percent of the venture deals nationwide. Roughly two-thirds of the deals and 78 percent of the funding went to Internet-related ventures in New York.
Venture firms invested $609 million in 80 deals throughout Massachusetts, which amounted to 9 percent of total U.S. deals and 8 percent of the dollars. About 46 percent of the venture funding in the Bay State went to healthcare startups. Nearly one-third of the deals were seed-stage.
Washington state saw another volatile quarter of VC investment activity, with funding plunging to $105 million (from $208 million in the previous quarter and from $132 million in the year-ago quarter). The deal count was steadier. CB Insights counted 26 deals during the quarter, down from 27 in the prior quarter but higher than the 24 deals in the year-ago quarter. Venture investments in mobile and telecom took 60 percent of the funding, inflated by the $50 million Kymeta deal.
In Texas, venture firms invested $177 million (2 percent of the national total) in 32 deals (4 percent of the total), with most of the deals and dollars focused on Internet investments in Austin. Venture investments in energy-related startups amounted to 6 percent of the deals and 12 percent of the dollars invested in Texas.
Colorado had almost $145 million in 25 deals, and Michigan saw more than $22.6 million in six deals. A full accounting of venture deals in 38 states and the District of Columbia is in the CB Insights chart below.
