Venture Trend Toward Smaller-Size Deals Continues as Survey Shows Big Q3 Funding Surge in Texas, Drop in Massachusetts

10/13/10Follow @bvbigelow

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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.

CB VCQ32010 California

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.

CB VCQ32010 Massachusetts

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.

CBinsightsVCQ32010

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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  • http://www.adwebix.com Ashley

    The increase in the number of smaller deals is also consistent with the current economic environment. Moreover, it counts that in the last couple of years many consumer Internet startups have become less capital intensive.

    Related, entrepreneurs and companies seeking funding may also want to go check http://www.adwebix.com – an online hub dedicated to helping early stage companies find financing.

    Members can post business loan or startup funding requests, contact private lenders, investors or peer entrepreneurs, create profiles where they can post their business needs and more.

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