New England Eclipses Southern California in Q3 VC Funding
Tweet10/26/07 – Southern California’s healthy quarterly venture capital investment is continuing at a steady clip, according to a report released this week by PricewaterhouseCoopers and the National Venture Capital Association. For Southern California as a whole, the firms say that venture investment deals valued at almost $784 million closed in Q3. Los Angeles County’s share was $342 million, second to San Diego County, with $359 million, and ahead of Orange County, which reported $83 million in venture funding in the quarter.
However, the big news may be that New England led the Southern California region in the second spot nationwide. Silicon Valley, as always, occupied the report’s top spot. For the past several quarters, Southern California has edged out New England, but the tables were reversed this quarter, with New England accounting for $998 million in funding.
Nationally, the report indicated that the Clean Tech, Internet, and Media and Entertainment sectors raised the most money during the quarter.
