The money has been flowing in the Bay State. Massachusetts venture capital firms raised $6.6 billion in the first nine months of this year, the most of any state in the nation, according to data released yesterday by Dow Jones Private Equity Analyst.
The total for Massachusetts firms—which between them closed 18 venture funds during the period—represents almost all of the roughly $7 billion raised throughout New England (there were three Connecticut funds and one in New Hampshire). The Golden State, while closing 33 funds, the highest number of any state, ranked second in dollars raised with $6.1 billion. The Empire State ran a distant third with $2.1 billion raised in eight deals.
Here’s the list of the Massachusetts funds identified by the report.
Bessemer Venture Partners VII—$1 billion
Battery Ventures VIII—$750 million
General Catalyst Group V—$600 million
MPM (Capital) Bioventures IV—$550 million
North Bridge Growth Equity—$545 million
Bain Capital Venture Fund 2007—$500 million
Third Rock Ventures—$378 million
Spark Capital II—$360 million
SV Life Sciences IV—$347 million
Charles River Partnership XIII—$285 million
Advanced Technology Ventures VII—$272 million
Tudor Ventures III—$262 million
Commonwealth Capital Ventures IV—$250 million
Fidelity Ventures IV—$150 million
.406 Ventures Fund I—$150 million
Village Ventures Partners II—$100 million
Century Capital Partners IV—$50 million
Globespan Capital Partners V—$30 million
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.
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