Wednesday, October 1, 2008

Texas Venture Totals $129.9M For Q3

Texastechpulse has tallied up the announced venture deals for Q3 of 2008, and found that there were around $129.95M in venture deals in Texas for the period. According to an analysis of venture data, collected through our venture capital database, the total is dramatically lower than both last quarter, then $395.45M was invested in Texas, and also much lower than the same period last year, when $423.56M was invested in the region.

The biggest deals for the region came for Houston-based Tyrell, which raised $28M in July, followed by Dallas-based Telligent Systems with $20M in funding, then Austin-based Nuventix, which raised $14.0M.

The most active venture capital firms investing in Texas were Austin Ventures, which made three investments in the quarter, followed by Sequoia Capital and Syncom Ventures, both with two investments each.

Texastechpulse tracks day-to-day venture capital activity in the Texas region, 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 may 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 VentureOne will release their quarterly nationwide results of venture activity later this month.

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