An early release of the Q3- 2012 SoCal MoneyTree Snapshot from PricewaterhouseCoopers’ Emerging Company Services reported a Q3 2012 total of $6.5 B in US VC investments in 890 deals for an average of $7.3 M per deal, nationwide.
SoCal is third overall behind Silicon Valley and
New England. For the 3rd Q 2012, $694.5 M was invested in Southern California in 79 deals or an average of $8.8 per deal. Southern California represents 10.7% of the total US dollars and 8.9% of the total number of US deals.
Firms in the
area received $324.2 M in dollars or 46.7% of the SoCal total. Biotechnology firms received $146.1 or 21.% of the SoCal total. Software firms received 18 of the SoCal number of deals or 22.8%. Los Angeles
For the first three quarters of the year, SoCal investments are up 17.5% at $2,523.8 M (compared to 2011 first three quarters of $2,147.9). Nationwide, dollars in the first three quarters 2012 are down 9.5% at $20.0B (vs. $22.1 B for the same period 2011) and deals are down 9.9% at 2,661 (vs. 2,954 for the same period 2011).
Thirty four SoCal venture capital firms invested in 74 deals, while 101 VC firms across the
US invested in 146 deals in Southern California. (Note, multiple firms invest in individual deals.)
Almost half of all SoCal investments went to late stage deals (46%), followed by expansion stage (34%), early stage (18%), and seed/startup (2%).
Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTreeTM Report based on data from Thomson Reuters