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Investments
in Biotechnology declined 24% from Q4 2005 to $808 million while the
Media and Entertainment sector reached a four-year high, rising
80% over the prior quarter to $396 million and 57 deals. |
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Post-money
valuations of Later Stage companies soared to a four-year high,
with the average reaching $92.02 million for the full-year 2005
compared to $71.22 million in the 12 months ending Q3 2005. |
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Software investments
rose 12% in Q1 to $1.2 billion in 197 deals and remained the
largest single industry category with 22% of total dollars and 26%
of all deals. |
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Internet-Specific
companies captured $861 million in 145 deals, a 10% increase in
dollars over Q4 2005 |
| ▪ |
The
Telecommunications industry category fell in Q1 by 17% to
$601 million, with a decrease in Wireless investments accounting
for the majority of the decline. |
| ▪ |
Investments
in Later Stage companies remained relatively flat with 253
companies capturing $2.4 billion. |
| ▪ |
Funding
for Startup and Early Stage companies dropped 14% in Q1 to $931
million in 219 companies. The
average deal size for these companies dropped 5% to $4.3 million
in Q1 from $4.5 million in the prior quarter. |
| ▪ |
Overall
for Q1, Startup/Early Stage companies accounted for 29% of the
deals; Expansion Stage for 38%; and Later Stage for 33%. |
