Thursday, July 9, 2009

Texas Venture Totals Hit $282M In Q2

Venture Capital investment totals in Q2 of 2009 totaled around $282M, according to an analysis by Texastechpulse.com of venture deals which were reported this quarter. According to the analysis, the biggest investments during Q2 were an improvement from the $171.64M invested in Q1, according to our own data, and approximately the same as last year, when Pwc/NVCA reported $256.9M in Q2 2008 deals.

The largest investment in the quarter was for Brazos Software, which saw a $50M injection from Austin Ventures in June. The quarterly results appear to be a healthy increase from Q1, but did not match Q4 of 2008, when Texas had its best quarterly investment total, ever, when Dow Jones VentureSource reported $505M was invested in the region.

Texastechpulse tracks day-to-day venture capital activity in the state of Texas, 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 numbers reported from the data will differ from both PricewaterhouseCoopers/National Venture Capital Association, and Dow Jones VentureSource data, due to differences in collection methods, classifications of fundings, and sources of data.

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