Friday, April 04, 2008

Fastest Growing Regions for Venture Capital


The National Venture Capital Association released some interesting data highlighting the five fastest growing regions for attracting venture capital outside of Silicon Valley and New England. The analysis focused on the ten-year growth rates for regions across the country and ranked the fastest growing areas based upon the number of companies funded, excluding areas that had under $100M in investment in 2007. Mind you, this data is not simply life science deals but total venture deals across all sectors of investing. In 2007 Colorado attracted a total of $564M in 86 total deals, across all sectors of investing (this was off nearly $10M from 2006). So though CO does not appear on this new hot growth regions for attracting capital list it may very likely be due to the fact that in excess of $1B in venture dollars was attracted to the State from 2006-2007; OK, my feelings are not hurt. On to the data…

2007 No. CO’s Total Invest 1997 No. CO’s. Total Invest
New Mexico 21 128.2M 3 27.0M
Pittsburgh 44 198.2M 12 32.3M
Seattle 132 1253.4M 65 403.2M
Los Angeles 124 1146.0M 73 459.3M
Washington DC 180 1282.1M 105 558.2M

The most active investors in these five regions include: Verge Fund, Flywheel Ventures, EPIC Ventures, Innovation Works, Draper Triangle, Pittsburgh Life Science Greenhouse, Novitas Capital (not Novartis), Ignition Partners, Madrona Venture Capital, OVP, Clearstone Venture Partners, US Venture Partners, Draper Fisher Jurvetson, Redpoint Ventures, Novak Biddle Venture Partners, Columbia Capital, Grotech, New Enterprise Associates and Valhalla Partners.

*NOTE* Feel the power of the Colorado BioScience Association (HERE)!
*NOTE* Take a look at the new Boulder Biotech Company Tree (HERE)!
*NOTE* Read the new eBook CLSDF 2007 - What's In A Year? (HERE)!

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