Venture Capital Investment in Region Continues to Grow
1/24/08 – Venture investors poured $3.8 billion into Southern California-based companies last year, according to the Quarterly Venture Capital Report released this week by Dow Jones VentureSource. The total represents 272 deals and a 12 percent growth rate over 2006.
Southern California just beat out New England for total investment, but garnered fewer total deals. New England totaled $3.7 billion in money raised, in 326 completed rounds.
Overall, California was again the top destination for venture capital investment for the year, with 42 percent of all deals nationwide with 1,112 and 47 percent of all capital invested with just under $14 billion. The San Francisco Bay Area, in its usual spot as king of VC investment, attracted 818 deals totaling $9.9 billion. That represents 3 percent more than 2006.
More details on the report can be found here: U.S. Venture Capital Investment Climbs 8% to $29.9 Billion in 2007, Highest Level Since 2001
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