Despite increasing venture investments nationally, Washington state’s 2011 fourth quarter was disappointing.
$88 million was invested in the state in the fourth quarter, the lowest amount nearly a decade (2003 Q3). It was a 55 percent reduction from the third quarter and down 35 percent from 2010. Washington ranked 8th behind New Jersey, Pennsylvania, and Colorado. For the year, $532.71 million was invested, down from $1.458 billion in 2010.
The National Venture Capital Association, Thomson Reuters and PricewaterhouseCoopers today released numbers showing that venture capitalists pumped $28.4 billion into 3,673 deals last year, a huge influx of capital that represented a 22 percent increase in dollars over the $23 billion raised in 2010. In fact, the venture capital haul represented the third highest total in the past 10 years. And a number of industries, including cleantech and the Internet, saw double digit increases.
National Venture Investments
Washington State Venture Investments