Venture Capital Funding Quarterly
Internet • Digital Media • eCommerce • Software
2nd Quarter, 2009 – United States
Published by: VentureDeal
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.
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|