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Venture-backed IT Companies Pushing Up Valuations

Friday, December 01, 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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