Reports

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Venture Capital Funding Quarterly

Internet • Digital Media • eCommerce • Software

3rd Quarter, 2009 – United States

Published by: VentureDeal

Summary

During the third quarter of 2009, 229 companies raised $1.3 billion in venture capital funding in the aggregate, 13% in total funding amount versus Q2 O9 and down 4% in the number of companies funded.

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


Funding Activity

Internet

Internet sector company fundings reversed their previous quarterly increase by registering a significant funding amount percentage drop of 29%. The sector received $514 million in venture capital funding during the quarter allocated among 97 companies – an increase of 18% in the number of companies funded.

A notable transaction during the quarter was for the social networking service Twitter, which received a whopping $100 million for its late stage funding round. The funding was provided by a large syndicate of venture capital firms, with the noted edition of Benchmark Capital.

In the virtual economy space, Jambool secured $5 million in its second round of financing in order to accelerate its product development and distribution expansion plans. Madrona Venture Group led the round and Bay Partners joined in the investment.

A number of Internet companies received series A funding rounds:

Shareaholic $Undisclosed
Altius Education $8 million
Fwix $2.75 million
Rosso $2 million
Fashion Playtes $1.5 million
Zero260 $3 million
Akademos $2.5 million
StyleCaster $4 million

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