Sections Syndication |
Newsletter| Subscribe to newsletter: |
|
|
Home : Venture Capital : Venture capitalists invest 31 million in first quarter
Venture capitalists invest 31 million in first quarter The New Mexico Venture Capital Association reported $31.1 million in new investments in 10 local companies during the first quarter of 2008.
The latest association survey, released May 28, reported seven early stage "series A" investments from January-March, totaling $8.7 million. It also counted three later-round "series B" deals worth $22.4 million. Lawrence Chavez, NMVCA board member and associate at Flywheel Ventures, said the first-quarter activity demonstrates maturation in the New Mexico market. "This quarter's survey results reflect the continued development of the New Mexico market -- three New Mexico companies successfully went back to the capital markets for follow-on financing," Chavez said. "We are seeing more companies growing to the point to support those later rounds of capital." Stephanie Spong, NMVCA president and principal at Epic Ventures, said follow-on rounds are becoming more important for New Mexico companies given the length of time needed to achieve an exit. "Under current market conditions, companies are going to take a lot longer to reach exit or profitability and that means they will require more capital and more rounds of capital," Spong said. "The New Mexico companies raising money today are positioning themselves well for the future." http://www.bizjournals.com/albuquerque/stories/2008/05/26/daily17.html 28 times read
|
|||
|
Did you enjoy this article?
(total 0 votes)
|
||
Link to Us:
Business Financial Services