uring Q408, VCs raised $3.4 billion -- down by 33% from Q3'08 and by more than half of the $8 billion they raised during the same quarter in 2007. Some 211 funds raised $27.9 billion in 2008. That's 21% less than the $35.5 billion venture capitalists raised in 2007, says Thomson Reuters. With less money coming in, VCs ... [full story]
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Local venture capital investment continued to fall in the fourth quarter of 2008, according to a new survey by Dow Jones VentureSource. A total of $182.5 million was invested in San Diego County companies, falling 57 percent from the same quarter a year ago and marking the fourth consecutive quarterly decline. In the third quarter, funding totaled $264.17 million. ... [full story]
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The region's flow of venture capital declined in 2008, but the number of new companies receiving cash infusions inched up, a new report shows. Seventy-three companies in various stages of growth drew $259 million in venture capital last year, the Venture Capital Advisory Task Force reported Thursday. That's a 19 percent drop in venture investing from 2007. But ... [full story]
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Venture capital investment in Canada plunged 35% between 2003 and the third quarter of last year, threatening economic growth in the country, the Canadian Venture Capital & Private Equity Association (CVCA) said Thursday. Meanwhile, venture capital investment in the United States grew at 17% during the same period, creating an economically dangerous gap, the CVC said in a report. ... [full story]
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The National Venture Capital Association predicts that 2009 will be another slow year for investment in venture-backed businesses throughout most sectors. According to the organization’s third annual Predictions Survey, which was conducted from Nov. 24 through Dec. 12, fewer investment deals next year will be accompanied by a continued lack of exit strategies -- being bought or going public. ... [full story]
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THE GOVERNMENT has launched a recovery plan designed to boost the economy by attracting cutting-edge business ventures into the State. The Opposition dismissed the initiative, saying it did nothing to tackle the worsening economic crisis. The key element in Building Ireland's Smart Economy: A Framework for Sustainable Economic Renewal is the establishment of venture capital funds worth €500 million ... [full story]
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Unidym, a majority owned subsidiary of Arrowhead Research Corporation, announced today that TEL Venture Capital, Inc., the U.S. investment arm of Tokyo Electron, has invested additional capital into the company. Concurrent with the investment, Unidym and Tokyo Electron intend to enter into a program to develop equipment for use in the production and integration of Unidym's films. The two ... [full story]
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The Accelerator seems to have struck gold in California. The local incubator is investing in its second Seattle startup that uses technology developed at the California Institute of Technology. The company, GPC-Rx, will focus on a new method to produce drugs that are more targeted than those on the market. By designing therapies to zero in on ... [full story]
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Most entrepreneurs are fully aware of the track record of the Venture Capital industry. Typically, out of 10 businesses that receive investment, two will be failures, two will be successful, and the rest will provide returns little different from saving money in the bank. For over 25 years, the industry has always attracted thousands of highly-skilled and highly-paid staff, ... [full story]
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BASF Venture Capital GmbH, Ludwigshafen, has invested in the US startup company NanoMas Technologies Inc. NanoMas develops inks containing silver nanoparticles that are easily processed to electrical circuits in printed electronics, solar cells and special adhesives. NanoMas Inc. raised $3.2 million (about Ђ2.35 million) in its first round of financing, with BASF Venture Capital contributing $1.5 million (about Ђ1.1 ... [full story]
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Convergin has closed a series B (News - Alert) round of funding totaling $10 million from Pitango Venture Capital. This new series of funding will help the company to cater to the increased demand for its Network Service Broker (also called Service Capability Interaction Management or SCIM) solutions. Pitango states that the company found a unique mixture of a ... [full story]
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Access 360 Media, an out-of-home media network reaching young adults, has raised $8 million in a Series B round funding led by Mission Ventures and joined by Bessemer Venture Partners. As a leader in the digital out-of-home, or DOOH, industry, Access 360 Media will apply the new capital toward accelerating company growth to match the developing out-of-home industry’s substantial rate ... [full story]
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IFCI Venture Capital Funds today announced an investment of Rs 28 crore in Carnation Auto, a venture of former Maruti Suzuki Managing Director Jagdish Khattar. The country's first multi-brand car sales and service network being set up by Carnation would enable it to provide unique and value added car sales network support to large-fleet owners, IFCI Venture Funds Chairman ... [full story]
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Venture capitalists are reining in spending amid the financial downturn, a shift that has implications for entrepreneurial activity. According to two sets of data pegged for release Saturday, venture capitalists did fewer new financings of companies and spent less money in the third quarter than they did a year earlier. Venture capitalists typically put money into young companies, with ... [full story]
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With the economy turning down, venture capital firms scaled back financing of start-ups in the third quarter, continuing to shift toward later-stage investments and funding life sciences and clean energy companies. Biotechnology start-ups raised the most money in the period, followed by software, energy, medical gear, and media firms, according to the quarterly MoneyTree industry report, being released today. ... [full story]
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Venture capitalists around the country invested $7.1 billion in the third quarter despite the market turmoil, bringing the total amount invested through Sept. 30 to almost exactly the same amount as it was for the first nine months of 2007. Wisconsin, however, saw a year-over-year decline. State companies pulled in $6.87 million of venture capital in the quarter, ... [full story]
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Business owners and executives, entrepreneurs, angel investors, venture capitalists, professional service providers, consultants, educators and civic leaders should consider attending the third annual Central Valley Venture Forum on Friday in Fresno. Experts in private equity investing, venture capital, angel investing and entrepreneurship will make presentations at a daylong forum presented by the Lyles Center for Innovation and Entrepreneurship at ... [full story]
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U.S. venture capitalists raised about $476 million less in the third quarter compared with last year, signaling a bleak climate for startups and those that back them, a trend that is expected to continue at least through the end of the year. That's according to numbers released Monday by Thomson Reuters and the National Venture Capital Association. "If ... [full story]
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A Silicon Valley company that develops smart-grid technology has received $75 million in new funding from venture capitalists. Silver Spring Networks, based in Redwood City, California, builds software and hardware that lets utility companies manage their power transmission and distribution networks more efficiently. The company, founded in 2002, already provides its technology to Florida Power & Light Co ... [full story]
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San Francisco, Calif. — The Cleantech Group, founders of the clean tech investment category and providers of global market research and financial services for the clean tech industry, has announced that venture investments in North America, Europe, China and India across 158 companies reached $2.6 billion in the third quarter of 2008, a record quarter for clean tech investments. ... [full story]
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A venture capital book penned by two Fountain Hills authors was published last month in Russian. Brian Hill and Dee Power’s “Attracting Capital from Angels,” released by Moscow-based Eksmo Publishers, includes interviews with Russian angel investors, venture capital experts and entrepreneurs. Excerpts feature Alexander Kashirin, president of the National Union of Business Angels in Russia and co-author of ... [full story]
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Venture capital investment in green-energy technologies exceeded $2.8 billion in the third quarter. That’s the greatest amount of funding for a single quarter in the records of Greentech Media Inc., which tracks news about environmentally friendly technology. In the first quarter, green technology attracted $998 million in venture capital, followed by $1.3 billion in the second quarter. ... [full story]
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Ohio ranked 13th in the U.S. in the total amount of venture capital money invested in fast-growing technology companies in 2007, according to a report out of Ohio State University. Investors poured $536 million into Ohio technology companies last year, including $155 million shared by 88 seed and early-stage companies. ''Ohio's technology-based entrepreneurial community appears poised for tremendous ... [full story]
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The Kenyan government has established a US$39 million venture capital fund to support innovative technology projects under the Ministry of Industrialization. The government has contributed $25 million, while $14 million is drawn from private investors in Kenya, South Africa, the U.S. and the U.K., said John Lonyangapuo, permanent secretary in the Ministry of Industrialization. The fund will ... [full story]
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The harsh reality is this; a new and relatively small seed enterprise cannot normally afford litigation against a larger well funded outfit. While venture capitalists might be the answer for small startups seeking funding to see smart ideas turn into reality, weak intellectual property rights and the prospect of long expensive law suits blunt the enthusiasm to financially nurture ... [full story]
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One of the region's most prominent venture capital groups is hosting a fall conference this week, and Techrockies.com will be on-hand to provide its readers with in-depth coverage. Set in the mountain resort town of Sun Valley, Idaho, the Venture Capital in the Rockies Fall 2008 Conference starts Tuesday and ends Thursday. The event is hosted by the Rocky ... [full story]
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The European Commission has called on the Parliament and Council to support a new drive to cut red tape and allow greater flexibility to make European high-tech research more effective. It was responding to the 'Aho report', the most comprehensive evaluation of EU ICT research yet, looking beyond the management of research to evaluate its impact on innovation. The ... [full story]
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Some biotech stocks may have been on hot recently, but that hasn’t translated into more backing from venture capitalists. The number of biotech venture investments fell by nearly 50 percent in the second quarter, and the dollar amount invested fell by more than 40 percent from the first quarter, according to Thomson Financial data cited by Genetic Engineering & Biotechnology ... [full story]
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The Northwest Regional Development Agency (NWDA) has today launched its £140m venture capital loan fund, as revealed in the June 23 issue of Crain’s Manchester Business. The agency held an event in Warrington attended by Treasury ministers Yvette Cooper MP, Jane Kennedy MP, Regional Minister Beverley Hughes and around 100 business leaders. The £140m Venture Capital Loan Fund ... [full story]
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Having grown up in two so-called flyover states myself (Wisconsin and Minnesota), my attention was drawn yesterday to an article about why it’s so hard for entrepreneurs outside Silicon Valley and other investor hotbeds to attract venture capital. Ok, I can’t help but feel a bit amused when people talk about anything between New York and California as “flyover”. ... [full story]
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A 49-year-old former Silicon Valley venture capital fund manager was convicted of stealing more than $20 million from 13 clients. Following a two-month-long trial, a Santa Clara County jury convicted Moses Joseph of 22 felony counts that included theft, securities fraud, forgery and fabricating evidence. He is scheduled to be sentenced Oct. 24, according to the district attorney's ... [full story]
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New Perspective on the 10 Immutable Laws for Raising Capital. David Moll was the President and CEO of Webroot and still remains on the board. Today he is the Founder and General Partner of Infield Capital, a Venture Capital firm targeting the Green Tech industry. Although David has his focus, his experience in manufacturing as well as high-tech companies guide ... [full story]
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