Flurry of Early Stage Internet Deals Highlight Q4 VC Activity; Investments Slip to $5.5B

1/12/10Follow @bvbigelow

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New York (31 and $258M); Palo Alto, CA, (21 and $128M); and Mountain View, CA, (19 and $172M).

San Diego is No. 5, with 18 deals totaling $191 million. Seattle is sixth, with 18 deals and $132 million, followed by Austin, TX, (17 and $81M).

Mass Quarterly Trend

Boston is No. 8, with 17 deals and $95 million in venture investments. Cambridge, MA, is No. 9, with 16 deals and $199 million invested. Sunnyvale rounds out the top 10 (15 deals and $170 million).

The fourth-quarter totals for Boston look more impressive when one includes the nearby communities of Cambridge, Waltham, Woburn, and Lexington. That brings the total number of deals to 51 and overall investment to $475 million, and puts the Boston area head of San Francisco—but not ahead of the Bay Area (see below).

Adding the Washington communities of Redmond, Bellevue, Kennewick, and Bothell to Seattle’s Q4 numbers increases the overall deal count to 26 and VC total to $166 million.

Washington Quarterly Trend

Among states, California continues to represent the top of the mountain in terms of venture investments. ChubbyBrain found that California accounts for 48 percent of total funding nationwide and 44 percent of the deals. As impressive as that might seem, it’s a decline from Q3, when the Golden State accounted for 51 percent of the total number of deals and 56 percent of all VC invested during the quarter.

Of course, Northern California accounts for nearly all of the activity. The Bay Area communities of San Francisco, Redwood City, Mountain View, Sunnyvale, Santa Clara, Palo Alto, San Mateo, San Jose, and Emeryville account for 161 deals and more than $1.57 billion invested during the fourth quarter. Of the top 10 VC investment cities in California during Q4, Chubby Brain found that San Diego was the only Southern California city to make the list.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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