We have been tracking Series A deals in Web technology since the market mayhem in October 2008, and since May we have been working with ChubbyBrain, which tracks this kind of data full-time. Early-stage funding is important for the whole economy, so we decided to report every month, not waiting for quarterly data. The executive summary for July: steady progress and a lot of deals in the Boston area. Read on for details.
Healthy Month-to-Month Trend
July clocked in at $93.5 million, ahead of June’s $77.1 million but behind May’s blistering $103.2 million.
Here are the month-to-month growth numbers for seed and Series A deals in the Web and mobile space in the US:
- January: $30.3 million
- February: $45.5 million
- March: $55.7 million
- April: $73.7 million
- May: $103.2 million
- June: $77.1 million
- July: $93.5 million
Steady progress is not an exciting headline, but it is good news for the economy. To put it in perspective, this is double what we saw in that dismal first quarter.
Regional View
Massachusetts was pretty hot with 5 deals, totaling $20.53 million. As usual, California led the pack with 12 deals, but Massachusetts (with 5 deals for a slightly higher average investment amount) definitely held its own. New York weighed in with 2 deals for $13 million.
Which Ventures Received Money?
- AboutUs
- ActiFio
- Akiba Technologies
- Aloqa
- Apperian
- AppStoreHQ
- Bizmore
- BlingNation
- Bump Technologies
- CoTweet
- Cross-Platform Corp
- Dataxu
- Egnyte
- Extreme Reach
- FlyCast
- Ground Truth
- GuestCentric Systems
- GumGum
- Home-Account
- Intent Media
- Lottay
- Mixamo
- NEXAGE
- Nibi Software
- PriceDrip
- Project Fair Bid
- Sawbuck Realty
- StyleCaster
- TuneIn
- UnboundID
Which VCs Wired Money?
Co-investors are shown on a single line.
- 2G Associates
- AH Belo
- Atlas Venture, Flybridge Capital Partners
- Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments, Freestyle Capital
- BlackBerry Partners Fund, GrandBanks Capital
- Common Angels
- Dan Gilbert
- DFJ Frontier
- Foundation Capital, North Bridge Venture Partners
- Founders Co-op
- Granite Global Ventures, Keynote Ventures
- Greylock Partners, North Bridge Venture Partners
- GRP Partners
- InovCapital, Turismo Capital
- Kleiner Perkins Caufield & Byers, Reid Hoffman
- Lightspeed Venture Partners, Meck and Camp Ventures
- Matrix Partners
- Mayfield Fund, First Round Capital, Foundation Capital
- Polaris Ventures, Maples Investments
- Rembrandt Venture Partners, Freedom Financial Network
- Silverton Partners
- Steamboat Ventures, Voyager Capital, Seapoint Ventures
- True Ventures
- Village Ventures, Greycroft Partners, Long River Ventures
- Vistage International
- Voyager Capital
- Wellington Partners
- Y Combinator
