Venture capital investing down in Washington in first half of 2011

Source:  Greg Lamm, TechFlash.  The MoneyTree report showed venture capital investing in the 2nd quarter of 2011 in Washington state was at its lowest level since 2009, down 21% from the prior years.  The report is from the National Venture Capital Association and PricewaterhouseCoopers.  Nationally, venture capital investing rose slightly.

The MoneyTree report shows that $122.3 million was invested in 27 deals in Washington for the second quarter, down from the $154.3 million invested in 37 deals during the same quarter in 2010.  From Q1 to Q2 in Washington, venture capital was down 4 percent, from $127.4 million to $122.3 million.  For the first half of 2011, venture capitalists invested $249.6 million in 55 deals in Washington, down 26 percent from the $336.7 million invested in 64 deals during the first half of 2011.

Nationally, venture capital investing was up 5 percent during the second quarter of 2011, when $7.5 billion was invested in 966 companies.  The number of companies was down 3 percent.

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