VC Series A Web Tech Deals in July

Written by Bernard Lunn / August 10, 2009 12:00 PM / 0 Comments

This post is part of our ReadWriteStart channel, which is a resource and guide for first-time entrepreneurs and startups. The channel is sponsored by Microsoft BizSpark. To sign up for BizSpark, click here.

We have been tracking Series A deals in Web technology since the market mayhem in October 2008, and since May we have been working with ChubbyBrain, which tracks this kind of data full-time. Early-stage funding is important for the whole economy, so we decided to report every month, not waiting for quarterly data. The executive summary for July: steady progress and a lot of deals in the Boston area. Read on for details.

Healthy Month-to-Month Trend

July clocked in at $93.5 million, ahead of June's $77.1 million but behind May's blistering $103.2 million.

Here are the month-to-month growth numbers for seed and Series A deals in the Web and mobile space in the US:

January: $30.3 million
February: $45.5 million
March: $55.7 million
April: $73.7 million
May: $103.2 million
June: $77.1 million
July: $93.5 million

Steady progress is not an exciting headline, but it is good news for the economy. To put it in perspective, this is double what we saw in that dismal first quarter.

Regional View

Massachusetts was pretty hot with 5 deals, totaling $20.53 million. As usual, California led the pack with 12 deals, but Massachusetts (with 5 deals for a slightly higher average investment amount) definitely held its own. New York weighed in with 2 deals for $13 million.

Which Ventures Received Money?

Which VCs Wired Money?

Co-investors are shown on a single line.

2G Associates
AH Belo
Atlas Venture, Flybridge Capital Partners
Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments, Freestyle Capital
BlackBerry Partners Fund, GrandBanks Capital
Common Angels
Dan Gilbert
DFJ Frontier
Foundation Capital, North Bridge Venture Partners
Founders Co-op
Granite Global Ventures, Keynote Ventures
Greylock Partners, North Bridge Venture Partners
GRP Partners
InovCapital, Turismo Capital
Kleiner Perkins Caufield & Byers, Reid Hoffman
Lightspeed Venture Partners, Meck and Camp Ventures
Matrix Partners
Mayfield Fund, First Round Capital, Foundation Capital
Polaris Ventures, Maples Investments
Rembrandt Venture Partners, Freedom Financial Network
Silverton Partners
Steamboat Ventures, Voyager Capital, Seapoint Ventures
True Ventures
Village Ventures, Greycroft Partners, Long River Ventures
Vistage International
Voyager Capital
Wellington Partners
Y Combinator

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