MoneyTree Report: Colorado claims No. 4 spot for VC funding in Q1 ‘17

Monday April 17, 2017 0 comments Tags: MoneyTree Report, PricewaterhouseCoopers

 

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.moneytree-logo

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.