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Venture capital investment information is now available for the first nine months of 2004. According to the PriceWaterhouseCoopers MoneyTree Survey, venture capitalists invested approximately $15.3 billion during that period, compared to $13.3 billion during the first nine months of 2003. Assuming investments continue at the current pace, total investment for 2004 is expected to exceed the $18.7 billion invested in 2003.
In the third quarter of 2004, venture firms invested a total of $4.3 billion in 601 different companies. A majority of the funds invested in the quarter (approximately $2.1 billion) went to 267 expansion stage companies. A total of 181 early stage companies received $840 million. First time financings attracted a total of $1 billion million in venture capital, spread among 182 different companies, including 44 software companies and 4 networking companies. Overall, on a sector basis, biotechnology companies lead the way, with 127 companies garnering a total of $1.26 million in funding. Software companies (160 in total) attracted $942 million. The telecommunications and networking industries languished on a comparative basis, with 58 telecommunications companies receiving $450 million, and 43 networking companies raising $314 million.
Some of the more noteworthy and interesting companies that received funding during the third quarter included:
Vonage Holdings Corporation, which provides Voice over IP (VOIP) Internet telephone service ($105 million in later stage fund)
www.vonage.com
Fastclick.com, Inc., which provides online advertising, services. ($75 million in expansion stage funding)
www.fastclick.com
Infinera, Inc., which develops optical transport system technology. ($35.4 million in expansion stage funding)
www.infinera.com
DoveBid, Inc., which operates an online business-to-business capital asset auction. ($22 million in later stage funding)
www.dovebid.com
eVineyard, Inc. (doing business as Wine.com), which sells wine and champagne over the Internet. ($20 million in later stage funding)
www.wine.com
Wayport, Inc., which provides high-speed Wi-Fi wireless and wired Internet access in hotels, airports and similar locations. ($20 million in later stage funding)
www.wayport.com
The Active Network, Inc., an application and marketing services for the participatory activities and non-profit sectors. Properties include Active.com, one of the largest online registration Web sites for participatory activities; ActiveGiving.com, resources for building fundraising communities online; Active Community Solutions (Recware.com and Classinfo.com; Activeteamsports.com, a complete Web service for teams, leagues, tournaments and camps; and eteamz.com, popular team and league Web site publishing tools. ($20 million in expansion stage financing)
www.theactivenetwork.com
BitPass, Inc., which offers a micro-payment system for online content. ($11.75 million in expansion stage financing)
www.bitpass.com
CinemaNow, Inc., which provides an online movie download service. ($11 million in later stage financing)
www.cinemanow.com
Cloudmark, Inc., which develops peer-to-peer solutions to prevent Spam e-mail. ($11 million in early stage funding)
www.cloudmark.com
Other interesting companies in various sectors that received funding include:
Wireless
Vernier Networks, Inc., which develops security hardware for wireless networks. ($12 million in later stage funding)
www.verniernetworks.com
Action Engine LLC, which has developed a software platform for use with web-enabled wireless devices. ($7.5 million in later stage funding)
www.action-engine.com
UPOC, Inc., which provides branded platform for wireless Internet content and commerce. ($5 million in later stage funding)
www.upoc.com
Gearworks, Inc., which develops infrastructure software platforms for the mobile Internet. ($ 5 million in later stage funding)
www.gearworks.com
Airimba Wireless Inc., which provides secure and symmetrical wireless high-speed Internet access. ($2.5 million in expansion stage funding)
www.airimba.com
WiNetworks, Inc., which develops hybrid IEEE 802.16 wireless multimedia broadband solutions. ($1 million in early stage funding)
www.WiNetworks.com
Dynamic Broadband Corporation, which provides broadband wireless Internet access in the upper Midwest ($100,000 in early stage funding)
www.dybb.com
Internet Infrastructure
PolyServe, Inc., which provides systems software for Internet data centers. ($20 million in later stage funding)
www.polyserve.com
Network Physics, Inc., which provides networking products, designed to improve Internet performance. ($13 million in expansion stage funding)
www.networkphysics.com
A4Vision, Inc., which develops software for digitalizing 3D images for Internet applications. ($12.8 million in expansion stage funding)
www.a4vision.com
Emptoris, Inc., which develops software and tools for the Internet. ($12 million in expansion stage financing)
www.emptoris.com
Dotomi, Inc., which develops a communications platform to transmit messages to the Internet. ($10.5 million in expansion stage financing)
www.dotomi.com
Radiance Technologies, which develops technology for how digital content is delivered via the Internet. ($9 million in expansion stage funding)
www.radiance.com
LongBoard, Inc., which provides multi-media applications for delivery over the Internet. ($6.32 million in later stage funding)
www.longboard.com
Orb Networks, Inc., which provides streaming media software and services. ($4 million in early stage funding)
www.orb.com
UFO Communications, Inc., which Provides facilities-based, "last mile" broadband services. ($3.9 million in expansion stage funding)
www.ufoix.com
InterLink Networks, which develops specialized Internet infrastructure products.
($2.85 million in expansion stage financing)
www.interlinknetworks.com
GoAhead Software, Inc., which provides management software for Internet infrastructure devices. ($1 million in later stage funding)
www.goahead.com
NetCableTV, Inc., which offers a suite of Internet peer-to-peer content delivery services.
($1 million in early stage financing)
www.netcabletv.net
E-commerce Software
Mercado Software, Inc., which provides e-commerce developers with catalog software. ($13 million in expansion stage funding)
www.mercado.com
Black Pearl, Inc., which provides e-commerce infrastructure software. ($8.5 million in later stage funding)
www.blackpearl.com
Demandware, Inc., which designs, develops, and markets e-commerce enabling software ($7 million in early stage funding)
www.demandware.com
Avolent, Inc., which provides Internet billing, invoicing and interactive customer care software ($6 million in later stage funding)
www.avolent.com
GT Nexus, Inc., which provides e-commerce solutions for shippers. ($400,000 in expansion stage financing)
www.gtnexus.com
E-mail
MX Logic, Inc., which provides managed e-mail protection and security services ($11 million in expansion stage funding)
www.mxlogic.com
Habeas, Inc., which provides business critical e-mail services ($7.5 million in expansion stage funding)
www.habeas.com
Voice Over IP (VOIP)
IP Unity Corporation, which has developed a VOIP services platform. ($10 million in expansion stage funding)
www.ipunity.com
Kagoor Networks, Inc., which has developed a real-time VOIP call processing platform ($9 million in expansion stage funding)
www.kagoor.com
Web Services/ Application Services/ Web Software
FaceTime Communications, Inc., which supplies instant messaging (IM) applications for businesses. ($16 million in later stage funding)
www.facetime.com
Conformative Systems, Inc., which develops system-level solutions for XML-based Web services. ($9 million in early stage funding)
www.conformative.com
Pluck Corporation, which operates a Web browser companion application ($8.5 million in early stage funding)
www.pluck.com
Apptera, which provides VoiceXML-based speech software applications. ($8 million in expansion stage funding)
www.apptera.com
Zend Technologies Ltd., which develops PHP technology for open-source Web scripting language ($8 million in later stage funding)
www.zend.com
Quigo Technologies, Inc., which develops advanced software used in portals search engines. ($6.5 million in early stage funding)
www.quigo.com
iPhrase Technologies, Inc., which provides Web site navigation and search platform software ($6.3 million in later stage funding)
www.iphrase.com
Blue Titan Software, Inc., which provides solutions for origin-to-edge Web services networking ($4 million in expansion stage funding)
www.bluetitan.com
Metatomix, Inc., which provides Web-based real-time integration and visibility technologies. ($4 million in expansion stage funding)
www.metatomix.com
JotSpot, Inc., which operates the first application wiki company ($3.25 million in early stage funding)
www.jotspot.com
Technorati, which provides search and notification services for active content on Internet ($3 million in expansion stage funding)
www.technorati.com
Kozoru Corporation, which develops search engines based on a question and answer format. ($3 million in early stage funding)
www.kozoru.com
StrikeIron, Inc., which develops products that help users take advantage of Web services. ($2.6 million in early stage funding)
www.strikeiron.com
Service Integrity, Inc., which develops enterprise software designed to enhance Web-based services. ($850,000 in startup/seed funding)
www.serviceintegrity.com
Security
NFR Security, which develops general purpose Internet security tracking software. ($7.4 million in expansion stage funding)
www.nfr.com
PassMark Security, Inc., which provides website security services. ($2.3 million in early stage funding)
www.passmarksecurity.com
E-Marketing/Advertising
ExactTarget, Inc., which provides email marketing, services to help deliver, create, and track emails ($10.5 million in expansion stage funding)
www.exacttarget.com\
Poindexter Systems, which provides online ad serving and campaign optimization software. ($7.9 million in expansion stage funding)
www.poindextersystems.com
Fathom Online, Inc., which provides keyword marketing services for online advertising. ($6 million in early stage funding)
www.fathomonline.com
Kanoodle.com, Inc., which operates an Internet advertising site. ($2 million in expansion stage funding)
www.kanoodle.com
MindBlazer, Inc., which produces live interactive webcasts for sales, marketing, & training ($600,000 in later stage funding)
www.MindBlazer.com
Exmplar, which provides optimization services for e-mail and web site marketers. ($500,000 in early stage funding)
www.exmplar.com
Optical
Caspian Networks, Inc., which designs advanced communications switches using both ATM and IP technology. $20.8 million in later stage funding
www.caspiannetworks.com
CipherOptics, Inc., which develops high-speed Gigabit performance network security solutions. ($10.3 million in later stage funding)
www.cipheroptics.com
CyOptics, Inc., which designs and manufactures optical networking components. ($10 million in later stage funding)
www.cyoptics.com
iolon, Inc., which manufactures optical components for single mode fiber optic networks. ($8 million in expansion stage funding)
www.iolon.com
Wave7 Optics, Inc., which develops an optical access system for video, data and telephony services. ($6 million in later stage funding)
www.wave7optics.com
Kodeos Communications, Inc., which develops systems and equipment for fiber optic communications networks. ($6 million in early stage funding)
www.kodeos.com
American Fiber Systems, Inc., which develops and constructs local fiber optic communications systems. ($5.6 million in later stage funding)
www.americanfibersystems.com
K2 Optronics, Inc., which develops components and subsystems for fiber optic telecommunications. ($5.35 million in expansion stage funding)
www.k2optronics.com
NanoOpto Corporation, which develops passive optical components based on nano-imprint lithography. ($3.58 million in expansion stage funding)
www.nanoopto.com
Circadiant Systems, Inc., which provides optical component and network equipment testing systems. ($2.9 million in expansion stage funding)
www.circadiant.com
BigBear Networks, Inc., which develops subsystems for fiber optic networking applications. ($2.12 million in later stage funding)
www.bigbearnetworks.com
Quarry Technologies, Inc., which develops carrier-class IP switching products for network service providers. ($2.09 million in later stage funding)
www.quarrytech.com
Digital LightCircuits, which develops a programmable optical filter for the telecommunication market. ($450,000 in early stage funding)
www.digital-lightcircuits.com
Content/E-Learning/Entertainment/Media
Knowledge Management Solutions, Inc., which develops e-learning and enterprise training solutions. ($3 million in early stage funding)
www.kmsi.us
Apex Learning, Inc., which provides online curriculum products for high achieving students in K-12. ($1 million in expansion stage funding)
www.apexlearning.com
Visum, which develops Internet-based and classroom training programs for corporations.
($750,000 in early stage funding)
www.visum.com
Bridgepoint Education, which provides lower cost, more convenient degrees to working adults.
($1.3 million in early stage funding)
www.bridgepointeducation.com
Zinio Systems, Inc., which produces and delivers a digital magazine. ($2 million in expansion stage funding)
www.zinio.com
Blue Dolphin Group, Inc., which provides publishers with various distribution channels.
($1 million in expansion stage funding)
www.bluedolphin.com
Data TV Networks, which provides a web based engine for creating dynamic cable TV programming. ($1.2 million in later stage funding)
www.hpctv.com
Forterra Systems, Inc., which provides online services that allow gaming and conversation simultaneously. ($877,000 in expansion stage funding)
www.there.com
PlayFirst, Inc., which creates casual/downloadable games for the mass market. ($5 million in early stage funding)
www.playfirst.com
Mondo Media, Inc., which provides online entertainment content and digital animation services. ($1 million in expansion stage funding)
www.mondomedia.com
Envivio, Inc., which develops MPEG-4 interactive streaming solutions for broadcasters. ($3 million in later stage funding)
www.envivio.com
Services/Financial/Travel/Career, Etc.
Beacon Software, which develops Internet banking technology for the financial services industry. ($1.3 million early stage funding)
www.beaconsoft.net
InsLogic Holding Corporation, which provides online sales, quotes, and service for insurance products. ($326,000 in expansion stage funding)
www.inslogic.com
HarborsidePlus, LLC, which provides financial services to the brokerage industries over the Internet. ($1 million in expansion stage funding)
www.harborsideplus.com
ExpertPlan, Inc., which provides Internet-based retirement planning services. ($8.3 million in later stage funding)
www.expertplan.com
Eliyon Technologies Corporation, which offers a business search engine that maps all of the available corporate and human capital information on the Internet to deliver in-depth profiles on 23 million business people and 2 million companies. ($7 million in early stage funding)
www.eliyon.com
Concuity, Inc., which provides negotiation services for the heath care industry via the Internet. ($3 million in expansion stage funding)
www.concuity.com
TLContact, Inc., which licenses a private patient Web page service called CarePages. ($1.5 million in early stage funding)
www.tlcontactinc.com
COMMUNITY
The Graw Group, which creates web-based products and services that improve the coordination between family members and the communities to which they belong.($4.75 million in early stage funding)
www.grawgroup.com
Judy's Book, Inc., which offers website with local search directories, social networking and logs. ($2.5 million in startup/seed funding)
www.judysbook.com
B2C RETAIL
Cairo, Inc., which develops an online local shopping website for consumers. ($2,000,000
in early stage funding)
www.cairo.com
Bulbs.com, which provides light bulbs and light bulb products. ($500,000 in expansion stage funding)
www.bulbs.com
EscapeHomes, which operates an online marketplace for buyers and sellers of homes.
($570,000 in startup/seed funding)
www.escapehomes.com
Retail One, which operates as a vertical service provider of retail equipment-online and off. ($1.5 million in later stage funding)
www.retailone.com
Driveitaway.com, Inc., which provides remarketing solutions for used vehicles over the Internet. ($400,000 in early stage funding)
www.driveitaway.com
B2B
ePipeline.com, Inc., which develops web-based business platforms for government contractors. ($50,000 in expansion stage funding)
www.epipeline.com
VetCentric, Inc., which operates as an online veterinary pharmacy that delivers to all 50 states. ($2.5 million in expansion stage funding)
www.vetcentric.com
Entomo, Inc., which provides an online marketplace for manufacturing materials. ($145,000 in expansion stage funding)
www.entomo.com
BestTransport, Inc., which provides online transportation execution systems.
($2.5 million in expansion stage funding)
www.besttransport.com
VistaPrint USA Inc., which operates online an printshop. ($22.750 million in later stage funding)
www.vistaprint.com
Dellego Technologies, which develops and distributes Internet-based sales process software. ($1.5 million in early stage funding)
www.dellego.com
Impress Software AG, which provides Web-enabling, enterprise resource planning (ERP) software. ($8 million in later stage funding)
www.impress.com
MISCELLANEOUS
MetraTech Corporation, which provides Web-based billing platforms for network service providers. ($7.5 million in expansion stage funding)
www.metratech.com
Streamload, Inc., which operates as an online file storage, hosting and delivery service.
($250,000 in early stage funding)
www.streamload.com
Raising Capital Archive
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