Friday, October 2, 2009

Pacific Northwest Venture Totals Around $270M

Venture capitalists put in around $270M in venture capital in the region in Q3, according to an analysis of Northwest Innovation's proprietary venture database, down a bit from $355M totaled by us last quarter.

According to our tracking, the biggest deal for the quarter was for Calpyso Medical Technologies, which raised $50M earlier this month; other big deals included Smith & Tinker, which raised $29.0M in the quarter; Portland's Ensequence, with $20M; and ClearEdge Power in Hillsboro, which raised $15.0M in Q3.

On an industry basis, the two biggest areas were Medical Devices, with around $72.24M raised--boosted significantly by Calpyso--and Software, with around $46.67M in investments. The most active venture firms were OVP Venture Partners, Shasta Ventures, Applied Ventures, Madrona Venture Group, and DFJ Frontier, all with two deals each.

The data came from Northwest Innovation's own proprietary venture capital database, which tracks day-to-day venture capital activity in the Pacific Northwest region, and uses venture data disclosed by companies announcing funding; self-reported by both technology companies and venture firms; as well as regulatory filings and other sources.

The totals will differ from other venture capital surveys due later this month, due to sources of information, timing of funding events, and classification of data. PricewaterhouseCoopers/National Venture Capital Association, and VentureOne will release their quarterly nationwide results of venture activity later this month.

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