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PRINT THIS PAGE US venture investment activity posts quarterly rise in Q226/07/2005. Source: AltAssets. 
 The number and value of US venture capital investment activity in the second quarter of this year increased on the previous quarter but was still lower than the same period of last year, according to the Quarterly Venture Capital Report released by Ernst & Young and VentureOne.
A total of 524 deals were recorded in the second quarter of 2005, compared with 488 in the first quarter of this year and 591 in the second quarter of 2004. The value of deals rose to $5.39bn from $4.72bn in Q1 2005 but was lower than the $5.75bn raised in the same quarter of 2004.
Looking at the different industry sectors, much of the increased investment level was in the products-and-services sector. There were 77 products-and-services deals in the second quarter, three fewer than in the second quarter of 2004 but the amount invested nearly doubled to $1.04bn.
The median size of a deal in this category was $6m, representing its highest level since 2001. The sector was home to three of the ten largest deals of the second quarter, including the $320m investment in New York-based insurance services provider Integro.
The information technology sector remained comfortably the largest destination for venture dollars, accounting for 59 per cent of the value of investment in the latest quarter, followed by healthcare with 24 per cent and products and services with 11 per cent.
Venture investment now appears to have stabilised since the lows of 2003 but remains a very long way short of the bubble highs; the second quarter of 2000 recorded 1743 deals worth a total of $24.98bn.
Copyright © 2005 AltAssets
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