EXOME

all the information, none of the junk | biotech • healthcare • life sciences

Venture Firms Turn Down Funding Volume, but Still Rockin’ in Q3

Xconomy National — 

Venture capital activity descended from the stratosphere during the third quarter, but it was still flying high, as venture firms invested nearly $9.8 billion in 879 deals across the United States, according to a report released today by the financial data firm CB Insights.

The amount invested during the quarter was down 30 percent from the $13.9 billion that VCs deployed in the previous quarter, and the deal count was down by 10 percent from the 974 deals that CB Insights counted in the second quarter. But it still marked the third consecutive quarter when VC funding exceeded $9 billion, according to the report.

The accumulated total for VC funding so far this year amounts to more than $33.7 billion—a 59 percent leap from the $21.9 billion deployed during the first three quarters of 2013. As we previously reported, mega venture investments in Airbnb, Uber, and Pinterest helped drive second-quarter VC funding to a 13-year high.

With its quick snapshot of quarterly VC activity, CB Insights is usually first to release its data, which counts only venture capital investments (including corporate venture) in emerging companies. The quarterly MoneyTree Report, which provides a more detailed survey of third-quarter venture capital activity, is set for release later this week.

U.S. venture activity (courtesy CB Insights)

U.S. venture activity (courtesy CB Insights)

In its 114-page report, CB Insights notes that venture funding for startups increased in New York to a five-quarter high, with close to $1.4 billion invested in 122 deals.

An astounding 85 percent of New York’s venture dollars went … Next Page »

Single PageCurrently on Page: 1 2