Reports

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Venture Capital Funding Quarterly

Internet • Digital Media • eCommerce • Software

2nd Quarter, 2009 – United States

Published by: VentureDeal

Summary

During the second quarter, 239 companies raised $1.5 billion in venture capital funding in the aggregate, down 6% in the number of companies funded and 6% greater in total funding amount versus Q1 O9.

By sector, only the eCommerce and Internet sectors showed a gain in funding amounts, with the Digital Media and Software sectors showing significant declines in the amounts funded.


Funding Activity

Internet

Internet sector company fundings reversed their previous decline by registering a significant funding amount percentage gain of 48%. The sector received $720 million in venture capital funding during the quarter, a 48% increase in funding allocated among 82 companies - a reduction of 18% in the number of companies funded.

A notable transaction during the quarter was for the social networking website Facebook, which received a whopping $200 million for its late stage funding round. Some of the funding was apparently used to purchase existing employee shares for those employees who wished to cash out.

Glam Media, a network of vertical media sites, secured $124 million in a new round of financing. Investors included corporate media company Hubert Burda Media. Glam did not disclose how the funding proceeds would be used.

A number of Internet companies received series B funding rounds:

AlertMe.com $11 million
Collective Media $20 million
Conductor $10 million
Cooliris $$15.5 million
Double Twist $5 million
I Love Rewards $8.7 million
Pontiflex $6.25 million
TimeBridge $5 million
VoxPop Network $1.5 million
Yapta $2 million

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