Study: Venture investment rose 22% in 2011 (OrthoSpineNews)
Venture capitalists opened their wallets wider in 2011, investing $28.4 billion, up 22 percent, in 3,673 deals, up 4 percent, according to a MoneyTree Report today.
Fourth-quarter investments totaled $6.6 billion in 844 deals, down 10 percent in dollars and an 11 percent decline in deals from the third quarter of 2011. The report is by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA), based on data from Thomson Reuters.
By region, Silicon Valley topped investments for the full year with $11.6 billion, with New England following a distant second with $3.2 billion and New York Metro at $2.7 billion. By state in the fourth quarter, California again dominated with $3.78 billion in 340 deals, up from the $2.75 billion in the fourth quarter of 2010 but down from the 346 deals a year ago. Massachusetts ranked second at $740.69 million in 91 deals. That’s higher than the $541 million invested in last year’s comparable quarter, with the same number of deals.
Cleantech and the Internet showed double-digit gains in dollars in 2011. Dollar investment also increased across every stage of developm...
