PRINT THIS PAGE

Total US venture capital report - Q3 2002

As with the previous quarter, total US venture capital funding in the third quarter 2002 continued to fall. Some 25 fewer companies raised financing rounds this quarter and there was a 35 per cent drop in the number of companies that raised $20m or more. Growthink's total US venture capital report gives an overview of the industry, highlighting the regions and sectors that have performed well this quarter.

Over $4.9bn of venture capital was invested in 554 private US companies in the third quarter of 2002. There was a 20 per cent quarter-to-quarter decline in the total capital raised. Geographically, the Bay Area continued to lead the nation, receiving more than 30 per cent of the total funding. The connectivity sector, which includes networking, semiconductors, broadband telecoms, led the way claiming over 37 per cent of the total funds invested.

Copyright © 2002 Growthink

Click here to view full report (pdf 76kb)

You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html

Growthink Inc. assists high-growth companies with the capital-raising process, specialising in firms seeking between $1m and $20m in equity financing. Growthink believes that preparing a company for operational success is similar to preparing it for financing success. As such, our services combine market research, strategy development and investor communications to achieve these highly correlated goals. Since August 1999, Growthink has worked with over 100 clients, from start-ups to later stage firms. They work with firms across a wide range of technologies, from internet telephony, to wireless commerce, to networking software, to medical devices, to data storage providers, to infrastructure logistics. www.growthinkresearch.com