VC investing falls in Washington, pushing state out of the top 5 |
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VC investing falls in Washington, pushing state out of the top 5
U.S. venture capital investments increased during the third quarter to $6.1 billion, up 14 percent over the second quarter but down considerably when compared to historical periods. Washington state -- despite a massive $50 million deal with Calypso Medical -- didn't fare as well during the summer months, according to a new report from ChubbyBrain.
Venture investments in Washington dropped to $144 million in the third quarter, off from $275 million in the second quarter. That was enough to push Washington out of the top five ranked states for venture capital, diminishing the Evergeen State to the lowly 7th slot. Deal volume also took a big nosedive, with ChubbyBrain tracking 21 deals. That was less than half of the Q2 totals.
Of course, this could be a one-time blip. And other upcoming reports -- including those from VentureSource and the NVCA -- may paint a different picture. We'll be tracking the details as they come in.
Here's a look at some of the Washington charts via ChubbyBrain.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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