Thursday, October 1, 2009

Texas Q3 VC Totals Around $363.97M

The amount of venture capital invested in Texas in Q3 totaled around $363.97M, according to an analysis by Texastechpulse of venture deals in our venture database. According to our analysis, investments were up from the $282M invested in Q2 of this year.

The biggest investment of the quarter was for Goodman Networks, based in Plano, a provider of engineering services to the telecom industry, which raised $62M in July. Other large deals included Plano's Prodea, with $29.56M raised; and Richardson-based Convey Computer, with $24.15M.

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. PricewaterhouseCoopers/National Venture Capital Association, and VentureOne will release their quarterly nationwide results of venture activity later this month. Numbers from those firms will differ due to sources of information, timing of funding events, and classification of data.

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