BUSINESS
October 24, 2011 | By D.C. Denison, Globe Staff
Chip Clark, chief executive of the Cambridge life-sciences start-up Genocea Biosciences Inc., raised $35 million from a group of venture capital firms last year. It wasn't easy. "I would describe the mood as very selective," he said. It is getting harder for life-sciences start-ups and growth companies, once the darlings of investors, to raise funding from venture capital firms. Clark's read on the market was confirmed last week, when the third-quarter 2011 MoneyTree report on venture capital investing showed a steep decline across the country in venture investments in the...
BUSINESS
October 19, 2011 | Barbara Ortutay, AP Technology Writer
Venture capitalists invested more money in more U.S. startups in the third quarter than they did a year earlier — especially in the software industry. Compared with the previous quarter, however, there were declines in both the amount of money invested and the number of deals made. This suggests that investors may be getting more cautious about the economy and the volatile stock market, which has caused many companies to hold off on going public — when many venture capitalists get their payoff.
BUSINESS
October 19, 2011 | By D.C. Denison, Globe Staff
Investment in New England start-up companies by venture capital firms plummeted in the third quarter, falling 45 percent from the previous quarter to $586 million, as investors pulled back in life sciences, according to a report to be released today. Venture capital investment, a crucial source of funding for new companies, also declined nationwide during the same period but not as sharply: down 12 percent in the third quarter to $6.95 billion, according to the MoneyTree Report, published by PricewaterhouseCoopers LLP and the National Venture Capital...
BUSINESS
July 20, 2011 | Rachel Metz, AP Technology Writer
Venture capitalists invested more in U.S. startups in the second quarter than they did during the same period a year ago, suggesting that investors are ramping up their search for the next Facebook or Twitter. In the April-June period, startup investments climbed 5 percent to $7.5 billion, up from $7.2 billion in the year-ago quarter, according to a study published Wednesday. That funding went to 966 startups — down 3 percent from the 998 startups that received funding in the second quarter of 2010, but up 19 percent from the 814 that were funded first three...
BUSINESS
July 20, 2011 | By Kaivan Mangouri, Globe Correspondent
Venture capital investments in New England companies hit the highest dollar level in a decade, with $1.1 billion netted in the second quarter. The sheer number of completed deals - 119 - was the highest for a single quarter since 2008, with most of the investments flowing to software, life sciences, alternative energy, and Internet companies. Those industries fueled double digit growth in venture investments nationwide, according to the MoneyTree Report, to be released today by PricewaterhouseCoopers and the National Venture Capital Association, with data...
BUSINESS
July 5, 2011 | By Kaivan Mangouri, Globe Correspondent
Investor enthusiasm for Internet-based businesses has fueled rapid growth in the market for initial public offerings nationwide, but Massachusetts, which hosts few such companies, has not shared in the boom. Driven by companies like the social network LinkedIn Corp., which raised $352 million in an IPO in May, and Internet radio service Pandora Media Inc., which went public with a $235 million offering in June, there were 36 venture-backed IPOs in the first six months of 2011, according to a joint report by Thomson Reuters and the National Venture Capital Association.