DC Q2 Venture Funded Company Report

August 17, 2011

11:30 am

According to the PWC MoneyTree Survey, 44 DC companies closed venture funding in Q2, which was an increase of 6 deals over the 38 companies funded in Q1 but less than the 51 companies funded in Q2 of 2010.  The total amount of money invested was a new recent high of $304 million, beating the prior quarter’s number of $206 million and the same quarter in 2010, which was $264.  Average deal size increased to a respectable $6.5 million for the quarter.

Q2 Chart of Dollars and Deals

Dollars In Millions

In terms of funding origins, DC-based VCs accounted for 45% of the funding sources.

Money Originating Regions

DC VCs and the DC startup tech scene must feel some vindication.  To quote Mark Twain, “Reports of my death have been greatly exaggerated.”

The Q2 Deals

Deals  Amount
Intrexon Corporation  $  100,000.00
SemaConnect, Inc.  $    75,000.00
PixelOptics, Inc.  $    35,000.00
NovaSom, Inc.  $    35,000.00
VIRxSYS Corporation  $    24,000.00
Clearspring Technologies, Inc.  $    20,000.00
Digital Signal Corporation  $    11,000.00
Virtustream, Inc.  $    10,000.00
Biosurface Engineering Technologies, Inc.  $      7,000.00
Hillcrest Laboratories, Inc.  $      6,000.00
OpenQ, Inc.  $      6,000.00
InSite Wireless Group LLC  $      6,000.00
VidSys, Inc.  $      5,000.00
Regent Education, Inc.  $      5,000.00
LucidMedia Networks, Inc.  $      5,000.00
CryoXtract Instrument, LLC  $      3,000.00
Innocoll, Inc.  $      3,000.00
Moodlerooms, Inc.  $      3,000.00
Invincea, Inc.  $      3,000.00
ePals, Inc.  $      2,000.00
StraighterLine, Inc.  $      2,000.00
Geostellar LLC  $      2,000.00
Plasmonix, Inc.  $      1,000.00
Advanced BioNutrition Corp.  $      1,000.00
South49 Solutions, Inc.  $      1,000.00
EverFi, Inc.  $      1,000.00
ROI2, Inc  $      1,000.00
Fidelis College, Inc.  $      1,000.00
True Citrus, Inc.  $      1,000.00
Bandhappy LLC  $          750.00
AccuStrata, Inc.  $          750.00
Keraderm Corporation  $          100.00
Fuzbien Technology Institute LLC  $            75.00
Euveda Bioscience, Inc.  $            75.00
Opticul Diagnostics, Inc.  $            75.00
Creatv MicroTech, Inc.  $            75.00
Branchpoint Technologies LLC  $            75.00
CURRENT Group, LLC  $            21.00
Optoro, Inc.  $                   –
Airside Mobile, Inc.  $                   –
MANDIANT Corporation  $                   –
Mobile Posse, Inc.  $                   –
Presidio, Inc.  $                   –

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Glen Hellman (@glehel), is an angel investor, serial entrepreneur, and works for venture capitalists as a turn-around specialist. He is the Chief Entrepreneureator at Driven Forward LLC, frequently muses on his blog, Forward Thinking, and works with entrepreneurs to help them figure out what to do and get them to do it.

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