{"id":430920,"date":"2010-03-15T17:58:19","date_gmt":"2010-03-15T21:58:19","guid":{"rendered":"http:\/\/www.xconomy.com\/?p=68634"},"modified":"2010-03-15T17:58:19","modified_gmt":"2010-03-15T21:58:19","slug":"the-hold-steady-washington-companies-raised-53-5m-in-10-deals-in-february","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/430920","title":{"rendered":"The Hold Steady: Washington Companies Raised $53.5M in 10 Deals in February"},"content":{"rendered":"\n
deals<\/a>, VC<\/a>, startups<\/a><\/div>\n

\t\tGregory T. Huang wrote:<\/strong><\/p>\n

Maybe the world of venture capital has stabilized—albeit at a lower but more sustainable level. Last month, companies in Washington state raised about $53.5 million in 10 venture deals. The stats are almost identical to the $57 million invested in eight deals back in January<\/a>—and still up from the anemic $22 million invested in just four deals last December<\/a>.<\/p>\n

That’s according to data provided by our partner, private company intelligence platform CB Insights<\/a>. See the table below for a full list of February venture financings.<\/p>\n

The biggest deal of the month came from BlueKai, the Bellevue, WA-based Internet data exchange firm, which raised a $21 million Series C round, led by new investor GGV Capital<\/a>. This continues the trend of one tech company dominating the monthly stats with a large mid-stage round—in January, it was fellow Bellevue firm Visible Technologies raising its $22 million Series C round<\/a>.<\/p>\n

The bad news is that only two of the month’s deals were Series A fundings, and they totaled just $2.5 million. That’s not enough to get all the promising new companies I’m hearing about off the ground. We’ll be watching to see if this trend starts to turn around later this year.<\/p>\n

Half of the investments (five) were made in the Internet sector, while two were in energy and cleantech (Infinia and 3Tier), and one was in healthcare and biotech (Hemaquest Pharmaceuticals).<\/p>\n

As an aside, I’m pleased to see that Mercer Island, WA, has at least one other tech startup besides Napera Networks<\/a>—Spectrum Networks raised a $1 million Series A round.<\/p>\n

Here’s the list of February venture deals for Washington companies:<\/p>\n

\"February<\/a><\/p>\n

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deals, VC, startups Gregory T. Huang wrote: Maybe the world of venture capital has stabilized—albeit at a lower but more sustainable level. Last month, companies in Washington state raised about $53.5 million in 10 venture deals. The stats are almost identical to the $57 million invested in eight deals back in January—and still up from […]<\/p>\n","protected":false},"author":1747,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,1,7,10],"tags":[],"class_list":["post-430920","post","type-post","status-publish","format-standard","hentry","category-energy","category-internet","category-news","category-software"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/430920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1747"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=430920"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/430920\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=430920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=430920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=430920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}