Wednesday, October 6, 2010

Texas Q3 Venture Capital Totals Around $592M

Texas venture capital total for Q3 are around $592M, according to a recent analysis of venture funding activity in the region from Texastechpulse.com. The analysis--which is based on information gleaned from funding announcements, regulatory filings, and other sources by Texastechpulse--found that the biggest area for investment in Q3 was for energy related startups, with around $133.95M invested, followed by biopharmaceuticals with $87.8M, then software, at $72.8M in investments.

The investment is more than the $400.5M in investments in the state totaled by this publication for Q2. A number of large investments, including $78M invested in Irving-based Reata Pharmaceuticals, a developer of anti-inflammatory drugs, and $48.0M invested in Austin's Smooth-Stone, a developer of low power semiconductors for the data center market, boosted totals.

The most active investor in the market was the Texas Emerging Technology Fund, followed by Austin Ventures. 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. A full breakdown of investment deals can be found on Texastechpulse's subscription venture capital database.

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