Wednesday, October 6, 2010

Rocky Mountain Venture Investments For Q3 Total Around $437.7M

Venture capital totals in Q3 totaled around $437.7M, according to the latest numbers tallied from Techrockies.com proprietary venture capital database. Among the bigger deals included in the totals was $30M raised in a combination of debt and equity, for Salt Lake City-based Amedica, a developer of spine and joint implants. Other larger deals included $20M for Littleton, Colorado-based Infinite Power, a developer of energy storage devices, and $15.0M invested in Lindon, Utah-based Solera Networks, which manufactures network forensics and monitoring equipment.

The Q3 totals were slightly larger than the $380.8M tallied for Q3 of 2009 in the region, and were up from the $306.1M tallied by Techrockies in Q2.

The most active venture firms in the region for the quarter was The Foundry Group, which tallied three investments in the region, followed by Canopy Group, with two investments. No other firms had more than a single investment in the region during the quarter.

Techrockies tracks both announced and unannounced venture capital, angel, and private equity deals in Colorado, Utah, Arizona, Idaho, New Mexico, and Montana. PricewaterhouseCoopers/National Venture Capital Association, and VentureOne will release their quarterly nationwide results of venture activity later this month. Numbers from those firms usually differs--sometimes drastically--due to sources of information, timing of funding events, and classification of data.

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