Tuesday, April 3, 2007

$197.9M Invested In Texas In Q1 2007

An analysis of venture capital deals in Texas in Q1 of this year by Texas Techpulse has found that there was $197.9M in venture capital invested in the state this quarter. According to the analysis, the largest fundings for the quarter were $38.0M invested in Houston's Internet REIT, followed by $25.0M invested in Plano Texas-based Tango Networks, then $20M in Ceterus Networks of Allen, Texas. Rounding out the top five investments for the quarter was Sirific Wireless of Richardson, which raised $18.8M in February, and a $15.0 round of funding for Genband, in Plano.

The most active venture investors in the state for Q1 were Austin Ventures, with 3 deals; followed by Sevin Rosen Funds and Intel Capital, who both had 2 deals each.

Texas Techpulse tracks day-to-day venture capital activity in 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 totals reported will differ from other venture capital surveys, due to sources of information, timing of funding events, and classification of data. PricewaterhouseCoopers/National Venture Capital Association, and Ernst & Young/VentureOne will release their quarterly nationwide results of venture activity later this month.

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