Report: Wash. companies landed $172M in venture capital in Q3 ...

Greg Lamm
Staff Writer- Puget Sound Business Journal

Email
?|?Twitter

Venture capital firms invested $172.28 million in 22 Washington-based companies in the most recent quarter, according to a new report out by Dow Jones VentureSource.

Nationally, investors pumped in $8.4 billion into 765 deals for U.S.-based companies during the third quarter of 2011. That was a 29 percent increase in investment and 8 percent increase in deals from a year ago.

Tech companies attracted $2.1 billion for 227 deals in the third quarter, a 9 percent increase in financing but a 7 percent decline in number of deals, according to the report:

The Software sector continued to be a bright spot for IT and collected the lion?s share of investment as 165 deals collected $1.3 billion. While investments in the Semiconductors and Hardware sectors declined, deal flow for Communications and Networking companies showed some strength as 25 deals raised $354 million, up from 22 deals that raised $246 million in the same period last year.

The top local deals for the quarter were for Zulily and Inrix.

August Capital?
?

August Capital
Latest from The Business Journals
Zulily?s new Sodo location offers room to crawlLiveMocha raises MInrix connects with M venture round to drive global growth

Follow this company




had the most deals locally during the quarter with three. OVP Venture Partners?
?

OVP Venture Partners
Latest from The Business Journals
NW Energy Angels creates advisory councilQuick Clicks: Amazon, OVP Venture and MotricityQuick Clicks: OVP Venture Partners, new Nintendo VP

Follow this company




and Maveron LLC?
?

Maveron LLC
Latest from The Business Journals
Groupon files for IPO, Howard Schultz VC firm stands to gainMeetup at Madrona Venture; T-Mobile spreads the 4G loveSeattle baby boutique site Zulily raises M in venture funding

Follow this company




, both had two.

The tally varies results from a third-quarter venture capital report out this week from PriceWaterhouseCoopers and the National Venture Capital Association, which added up 28 venture capital deals in Washington in the third quarter, totalling $194.6 million.

Greg Lamm covers banking finance and law for the Puget Sound Business Journal.

See all your followed company news on your personalized dashboard.

To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below.

You must have a bizjournals account to follow a company.
Please Log In or Register.

Article source: http://www.bizjournals.com/seattle/blog/techflash/2011/10/washington-companies-landed-17228m.html

old dominion insync the duchess the duchess spice katy perry mike starr