Monday April 17, 2017 0 comments
COLORADO -- Colorado ranks No. 4 in the Top 5 states with venture capital-backed deals in the first quarter of 2017, according to a new MoneyTree report from PricewaterhouseCoopers.
Colorado-based venture capitalists invested $345 million on 43 deals during the quarter, the report said.
The top 5 states for VC-backed deals in the quarter were:
- 1—California, 437 deals
- 2--New York, 150 deals
- 3—Massachusetts, 95 deals
- 4—Colorado, 43 deals
- 5—Texas, 35 deals
Boulder’s Foundry Group was No. 5 on the report’s list of most active VC groups, funding 12 companies during 2017's first quarter.
Nationally, the report said VC-funded companies received $13.9 billion across 1,104 deals in Q1 2017.
That was up 15 percent in total U.S. funding over the previous quarter but down from $15.7 billion in the same quarter of 2016.
To view the entire report, click here.