Friday, July 19, 2013
Rocky Mountain Region Pulls In $166.6M In Q2 Venture Capital
The Rocky Mountain region has pulled in around $166.6M in venture capital in Q2, according to the latest MoneyTree survey, which was released this evening. According to the survey, which was conducted by PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, the bulk of the funding was in Colorado, with 21 deals totaling $110.44M. Utah was second in terms of capital invested, with 6 deals totaling $37.65M. New Mexico had an up quarter, reporting $11.28M invested across 5 deals, and Arizona had $7.22M invested in its own five deals. Idaho and Montana did not have any deals reported in the survey.
That total was below the $279.42M invested in Q2 of 2012, a year ago, with a major drop in deals in Utah (dropping to $37.65M invested in Q2 2013, down from a much larger $82.75M invested in Q2 of 2012) affecting the totals. Colorado also saw a drop, from $165.5M a year ago in Q2, down to $110.44M in Q2 of 2013.
Nationally, the MoneyTree survey found that there was $6.7 billion invested in 913 deals in the second quarter, with dollar investments up 12 percent quarter to quarter, and the number of deals up 2 percent from last quarter.
Photo courtesy of Bigstock.