Friday, April 3, 2009

Texas Venture Investments Total $171.64 In Q1

An analysis of Texas venture capital activity by Texastechpulse.com finds that there was around $171.64M in venture investments in Q1, down significantly from both Q1 of last year, when $382.85M was invested in the area, and the prior quarter, when $476.50M was invested in Texas. The data comes from an analysis of Texastechpulse.com's proprietary venture capital database. The decrease in investments in Texas was heavily influenced by last quarter's big, $250M investment in HomeAway, which distorted the quarter-to-quarter totals.

The biggest investments for the quarter were for Century Payments, which received $50M in January from Austin Ventures; followed by $22.5M for out-of-home media firm IndoorDirect, which scored $22.5M.

Texastechpulse tracks day-to-day venture capital activity in the state of 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 will differ from other venture capital surveys due later this month, due to sources of information, timing of funding events, and classification of data, but should be close in terms of venture deals tracked. PricewaterhouseCoopers/National Venture Capital Association, and VentureOne will release their quarterly nationwide results of venture activity later this month.

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