Q2 Venture Investments In Rocky Mountain Region Total $341.0M
Rocky Mountain venture investments totaled $341.0M in Q2 of this year, down from $472.75M raised in 2011, mostly due to a drop in investments in Arizona, according to the latest PricewaterhouseCoopers/National Venture Capital Association MoneyTree report, based on data from Thomson Reuters. The report tallied $165.0M in investments in Colorado in the quarter, $166.4M in Utah, $8.23M in Arizona, $1.77M in Montana, with a single investment of $1.0M in Wyoming--the first in several years reported via the venture funding report. One bright spot: one of the biggest venture deals for the quarter was in Utah, for Qualtrics, which raised $70M from Accel and Sequoia for its online survey software. Nationally, there was $7.04 billion invested in the quarter, down 12 percent from the $8.01 billion invested for the same period last year. Image courtesy BigStock.
posted on Friday, July 20, 2012
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