Massachusetts Saw a Serious Uptick in Series A Deals in Q2 [Data]
Q2 venture capital data from CB Insights leaked Monday and it turns out it was a banner quarter, the best in over a decade. What about for Massachusetts? We’re down significantly from a year ago.
But the data’s not all bad for the Commonwealth. Here are a few key findings from CB Insights’ report:
- Deal activity remains consistent with Q1 2012, but funding increases 18%. YoY, deals and dollars have gone down 18% and 33%, respectively.
- Healthcare barely maintains top position in funding share, but internet convincingly leads Massachusetts in deal share. Meanwhile, Energy easily retains its #3 spot in terms of funding.
- Healthcare, which took at least half of VC dollars over the previous four quarters, falls dramatically. Internet and mobile both hit 5 quarter deal and funding highs.
- On the back of a strong quarter for Series A, early stage deals rise to a five quarter high in deal share.
Here’s a deeper look at the data:
I’m particularly encouraged by the surge in early stage activity. And remember, that’s just Q2, meaning up through June. In the last couple of weeks we’ve seen:
- Shareaholic pick up $3 million
- The Echo Nest grab another $17M (not a Series A, I know)
- Kinvey raise $5 million
- Vsnap raise $750K
- Paydiant raise a $12M Series B
- ThriveHive raise $1.5M
- NuoDB raise $10M Series B
- Dailybreak (formerly CampusLIVE) raise $5M
- OnChip Power raise $2.4M
And that’s just a quick flip through our archive – I know there are ones I’ve missed. Sure, some of that is probably going to be offset by a slow August, but still.
Despite the fact that overall funding levels are down from a year ago, there are some positive signs.
from BostInno http://bostinno.com/2012/07/18/massachusetts-saw-a-serious-uptick-in-series-a...