Device VC activity
This article was originally published in The Gray Sheet
Executive Summary
Investors closed 95 deals in the sector worth $755 million during the second quarter of 2010, a 40% increase in both dollars and deals over the first quarter, according to the latest MoneyTree report from PricewaterhouseCoopers LLP and the National Venture Capital Association. In the first quarter, device companies generated 68 deals valued at nearly $539.6 million. Biotechnology received the highest level of funding of all sectors, attracting $1.3 billion for 139 deals, up 59%. The report, which uses data from Thomson Reuters, said that venture capitalists over the period invested $6.5 billion in 906 deals in all sectors combined