The Rocky Mountain region had investments of roughly $85.2M in the quarter, according to an analysis of the Techrockies venture capital database, with Colorado leading the region with $50.15M in investments for the last quarter of 2006. Utah had $18.75M in venture capital investments this quarter, closely followed by Arizona, which had $16.3M. The biggest deals in the region were Boulder-based Pharmaca, which raised $18M in October, followed by neighboring Boulder firm Efficas, with $14.5M, then a $13M investment round from Denver, Colorado-based Ping Identity led by Appian Ventures. Investments in the Rocky Mountain Region totaled $809M for the year, with the largest investment for 2006 in Arizona-based Limelight Networks, which raised $130M earlier in the year.
For the year, Colorado continued to lead the region with $385.5M in investments. Arizona had $226.1M in investments, in a large part thanks to the investment in Limelight; and Utah had $174.2M in venture investments for all of 2006, with New Mexico trailing with $22M in venture capital investments for the year.
techrockies.com tracks day-to-day venture capital activity in the Rocky Mountain/Southwest region, and uses venture data disclosed by companies announcing funding; self-reported by both technology companies and venture firms; as well as regulatory filings and other sources. The totals reported will differ from other venture capital surveys, due to sources of information, timing of funding events, and classification of data. PricewaterhouseCoopers/National Venture Capital Association, and Ernst & Young/VentureOne will release their quarterly nationwide results of venture activity later this month.
posted on Tuesday, January 2, 2007
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