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Print Edition StoriesVenture capitalists did 90 deals in New England in the first quarter of 2011, altogether worth $639.3 million, according to a report out today.
The MoneyTree Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA) is the second such venture-industry tracking report out this week. It is based on data provided by Thomson Reuters.
Dollar numbers varied significantly with the earlier report, published Thursday by CB Insights, but the trend was similar: VC investing in New England has increased quarter to quarter since the middle of 2010 – but Q1’s number fell short of the $790.4 million MoneyTree counted in the year-ago period.
Nationally, according to MoneyTree, venture capital investors put $5.9 billion to work in the first quarter of 2011, a 5 percent increase over last quarter, according to a report released Friday.
The funds were invested across 736 deals – an 11 percent drop compared to the fourth quarter of 2010, according to the report.
The dollar number differed significantly from data published Thursday by CB Insights, another venture industry tracking group. On Thursday, CB reported $7.5 billion across 738 deals nationally. CB also reported $719M invested in Massachusetts companies in the quarter. The discrepancies may be due to differences in methodology.
An increase in big deals pumped up the aggregate number; 14 companies got commitments of $50 million or more, according to MoneyTree; four of those got more than $100 million. Pushed by these deals, the average deal size hit $8 million for the first time since Q1 2007, MoneyTree reported.
The 10 biggest deals published by MoneyTree were all in New York or California.
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