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September 17, 2006
Tech Venture Rebound - Tornado Insider Stats
Tornado Insider, which publishes a database tracking technology investment in Europe, notes that for the first time in the six years it has been in business, healthcare/biotech's share of the total amount of venture capital raised by startups declined in relation to other categories.
In other words, of the total €3.1 billion raised by high-tech companies this year to-date, the proportion of capital flowing to companies in the Information Technology, Communications, and other categories, has improved.
The news was in a free weekly newsletter from Tornado Insider, so it tantalizingly leaves out a breakdown of the figures for all investment categories. Neither did it state what percentage ICT actually raised this year compared to previous years.
It did say that the decrease in share by life science companies is apparent when measured by both the number of deals done and the volumes raised by life science companies. This year 26.5% of the total number of deals made were biotech/healthcare companies, down from 29% In the years 2004 and 2005.
In terms of volume raised, biotech/healthcare funding represented 35 % of the capital raised this year, down from 42% (in 2005) and 37% (in 2004).
It also said that early stage investment increased and it confirmed the increasing VC interest in online services.
"The big winners are Internet companies with 9% of all deals – up from 6% in 2005."
Read - Chasing the €4B Mark (tornado insider)
Posted on September 17, 2006 01:09 PM | Posted to Venture Capital | Permalink
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