Friday, December 1, 2006 6:00:00 AM PDT | VentureDeal Staff
SAN FRANCISCO, CA -- According to a recent report released by VentureOne, valuation increases by venture-backed IT companies have had the effect of increasing median valuation levels for all venture-backed companies in Q3 of 2006. Median funding rounds for IT companies reached $20.4 million, up from $11.8 million the same period last year. M&A median valuations exceeded $47 million for IT companies, helping to boost still-independent company valuations for financing rounds.
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