WASHINGTON, D.C., August 7, 2007 – Venture capitalists invested $7.1 billion in 977 deals in the second quarter of 2007 -- the highest level of deals reported in a quarter since Q3 2001 -- according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association based on data by Thomson Financial. The quarterly strength in the number of deals was driven by companies in the Seed and Early stages of development, which increased by 31 percent from the prior quarter.
“The data implies good news all around for the venture capital industry which has been extremely active in doing what we do best -- building companies from the ground up,” said Mark Heesen, president of the National Venture Capital Association. “Not only does the increase in Seed and Early stage deals demonstrate the number of young, promising opportunities available, but the diversity of investment strongly suggests that the prospects for innovation are all around us. The industry is not relying on one particular sector for deals. Even better, dollars invested are holding steady or even declining, suggesting that venture capitalists are being very measured about how much money they invest per company.”
You can get the press release and detailed data here.