VC Funding for Software Jumps in MoneyTree Report, and Top 10 Deals

10/18/13Follow @bvbigelow

Venture capital firms invested $7.8 billion in 1,005 deals throughout the United States during the three months that ended September 30, according to the MoneyTree Report being released today.

It was a 12 percent increase in dollars and a 5 percent rise in deals compared to the second quarter of 2013, when VCs invested close to $7 billion in 956 deals, according to MoneyTree data. Compared with the same quarter of 2012, it was a 17 percent jump over the $6.6 billion that VCs invested, and a 7 percent gain over the 937 deals counted by MoneyTree.

The MoneyTree Report, which provides a detailed assessment of VC activity nationwide, generally correlates with a surge in third-quarter venture deals that was highlighted last week by CB Insights, a New York financial firm with its own sources and methodologies for tracking VC activity. But where CB Insights saw a surge in venture funding for mobile startups, the MoneyTree Report said software venture funding was at a 12-year high.

The MoneyTree Report is prepared by the National Venture Capital Association (NVCA) and Pricewaterhouse Coopers from data provided by Thomson Reuters.

A third VC survey released yesterday by Dow Jones VentureSource reported that 806 U.S. companies raised $8.1 billion in venture capital funding during the third quarter—marking the busiest quarter of VC activity in more than a year. The $8.1 billion invested was up 2 percent over the previous quarter and 4 percent over the third quarter of 2012, while the deal count was up 2 percent over the previous quarter and down 10 percent over the year-ago quarter.

Each survey uses its own sources and methodologies to count VC activity, so the numbers from the surveys don’t match up. For example, Dow Jones VentureSource said … Next Page »

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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