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

10/18/13Follow @bvbigelow

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the previous generation of companies,” Taylor added. “There is some improvement on that front but we would like to see it strengthen even further.”

Some other findings from the MoneyTree Report:

—The second largest sector for VC dollars was biotechnology, with $852 million going into 123 deals. That was down 39 percent in dollars but up 10 percent in deals from the prior quarter.

—Medical device companies represented the third-largest investment category, with $566 million going into 65 deals—a 12 percent increase in dollars but an 8 percent decline in deals over the previous quarter.

—Venture capitalists invested $1.5 billion into 252 Internet-specific companies during the third quarter. That represents a 19 percent decline in dollars invested, and a 9 percent decrease in deals, compared with the second quarter, when $1.9 billion went into 277 deals.

The top 10 deals nationally, according to the MoneyTree Report:

Uber Technologies, San Francisco, $257.8 million

Palantir Technologies, Palo Alto, CA, $196.5 million

Pure Storage, Mountain View, CA, $150 million

Evolent Health, Arlington, VA, $99.9 million

CommonBond, Brooklyn, NY, $99.9 million

Clarabridge, Reston, VA, $80 million

Telogis, Aliso Viejo, $76.7 million

Practice Fusion, San Francisco, $70 million

Deem, San Francisco, $69.9 million

Toa Technologies, Beachwood, OH, $65 million

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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