Friday, July 9, 2010

Texas Firms Raises Around $400.5M In Q2

An analysis of venture capital deals and investment activity in Texas, tallies up around $400.5M in investments in the state in Q2. The analysis was based on tracking of venture capital, angel, and private equity deals by Texastechpulse.com, which maintains its own proprietary database of local and national venture capital deals and dealmakers. The investment totals were down slightly from Q1, when around $431.26M in deals was tracked, but is up significantly from Q2 of 2009, when only $277.29M was invested in the region.

The largest deal in the quarter was for Envirogen, a developer of wastewater treament technology, which raised $50.0M in June. Other large deals included Austin's Heliovolt, which raised $31.52M for its solar panel manufacturing technology.

In terms of venture capital firms, the most active investors in Texas were Austin Ventures, with three deals, S3 Ventures, with two deals, and the Texas Emerging Technology Fund, also with two deals.

PricewaterhouseCoopers/National Venture Capital Association, and VentureOne will release their quarterly nationwide results of venture activity later this month. Numbers from those firms usually differs--sometimes drastically--due to sources of information, timing of funding events, and classification of data. A full breakdown of investment deals can be found on Texastechpulse's subscription venture capital database.

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