1Q Venture Capital Investment Up; Oklahoma Sees $5 Million Deal

Venture capital investment into U.S.-headquartered companies climbed 8 percent in the first quarter of 2007, compared to the same period last year, to reach $6.96 billion, according to the Quarterly Venture Capital Report released by Dow Jones VentureOne and Ernst & Young LLP.
The report showed that the deal count reached 584 deals for the quarter, down by 31 deals from the first quarter of 2006.
The Southwest saw 33 deals and $310 million in investments during the first quarter of this year. Most of the area’s 1Q07 dollars were invested in the information technology segment. The state of Oklahoma saw one deal and $5 million in investments during the first quarter of this year.
Coming off a five-year high for both deals and investments in 2006, the report indicated that momentum for the venture capital market is continuing into 2007. Notable trends in the first quarter include a significant level of early-stage activity with investors financing proportionally more seed- and first-round deals and dramatically increasing investing in life sciences. In fact, the $2.88 billion invested in healthcare companies in the first quarter was the highest investment level on record.



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