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Top VC Recipients of 2009When the final numbers come out next month, it's likely that venture capitalists will have invested less money in 2009 than in any year since 1997. It's currently tracking at just over $16 billion for U.S.-based companies, with the only silver lining -- from a deal volume perspective -- being that Q3 and Q4 figures were improvements over Q1 and Q2. But the investment slowdown didn't affect everyone. peHUB has compiled a list of the 10 companies that got the most VC love over the past year. It includes five cleantech companies (broadly-speaking), some social network-related plays, a biotech startup, a wireless networker and a private aviation company. Two of them have already filed for IPOs, while some of the others are considered prime candidates. Get the full list after the jump...
- Business Is Up At SecondMarket
SecondMarket started dealing in private company shares on April 23, and after a slow start -- 15 or 20 transactions in the first four months, with around $20 million in securities changing hands -- saw business take off in the last part of the year. Since September over $100 million in shares have been traded, according to managing director Adam Oliveri, and $320 million worth of shares are now listed for sale. Some of these shares are from top private companies --not companies whose shares investors may want to get rid of -- and they're being traded by top venture firms that traditionally invest in later stage startups.
- 23andMe Expands Round to $28 Million
Personalized genetics company 23andMe Inc. has closed out its Series B funding round with $27.78 million, according to a regulatory filing. The company had held an $11 million first close back in May, but at the time only planned to raise $24.26 million. This is the company co-founded by Anne Wojcicki, wife of Google co-founder Sergey Brin, which had raised around $9 million in Series A funding from Google, Genentech, New Enterprise Associates and Mohr Davidow Ventures. MDV later sold its small stake back to 23andMe, after investing in rival startup Navigenics. No word on what may, or may not, have happened to the Genentech piece.
- peHUB Wire: Thursday, December 24, 2009
Random Ramblings
- peHUB Wire: Thursday, December 24, 2009
Random Ramblings
- Week in deals, Dec. 21, 2009
Summary of North American tech companies and other startups that raised venture financing in the past week
- Executive moves, week of Dec. 21, 2009
Personnel changes at HarbourVest, Bridgescale and other firms in the PE and VC communities
- Exit watch, week of Dec. 21, 2009
News briefs about Acclarent, Sentillion and other VC-backed companies that were bought in the past week.
- Kevin Delbridge Cuts Back at HarbourVest
Kevin Delbridge is planning to transition out of his senior managing director role with HarbourVest Partners, the fund-of-funds and secondary fund manager he has been with for more than 20 years. He will remain with the firm in a part-time capacity, as a senior advisor. The move comes several months after Delbridge was named chairman of his alma matter, Western New England College. “It’s not a fulltime job, but it’s at least a serious part-time job,” Delbridge says of the chairmanship. “I know some people would have just said that they are fulltime and worked fewer hours, but I just can’t operate that way.” Delbridge’s transition becomes effective on January 1, and his LP advisory board positions will be filled by other HarbourVest staffers. Those relationships include: Accel Partners, Alta Communications, Camden
- SmartDrive Systems Raises $25 Million
SmartDrive Systems Inc., a San Diego-based provider of driver risk management systems and services, has raised $25 million in fifth-round funding co-led by return backers New Enterprise Associates and Oak Investment Partners. SmartDrive previously raised over $50 million from NEA, Oak, Revolution Ventures, the Founders Fund and Western Technology Investments.