Venture capital funding slips in Colo., nation

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Venture capital investment in Colorado and the nation dropped during the first quarter from the previous three months.

Investors provided $63.1 million in VC funds to 15 Colorado companies in the first quarter, compared with $253.7 million in the previous quarter and $67.9 million in the same period a year ago, according to a PricewaterhouseCoopers’ MoneyTree report.

The number of deals changed only slightly year over year, with 15 in the first quarter of this year and 16 during the first three months of 2010.

Quarterly investment totals in Colorado have remained in the $60 million to $90 million range for the last four quarters, excluding the big jump in the fourth quarter, Puls said.

About 85 percent of the first-quarter investments in Colorado were in the Boulder area.

Nationally, venture capitalists invested $5.9 billion in 736 deals in the first quarter, up from $5.6 billion in the same period a year ago, the report said. The number of deals nationally was down, however, from 827 in the same period a year ago.

The number of deals nationally is the lowest for one quarter since the third quarter of 2009.

The top Colorado deals in the first quarter were:

  • LogRhythm Inc., software, Boulder, $10 million.
  • Cogo Optronics Inc, computer peripherals, Boulder, $8 million.
  • Boulder Wind Power Inc., industrial/energy, Boulder, $8 million.
  • TerraSpark Geosciences LLC, software, Boulder, $7.4 million.
  • Tri-US LLC, consumer products, Boulder, $5.75 million.
  • Coalfire Systems Inc., software, Louisville, $5 million.