MoneyTree Venture Capital Profile for Virginia

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Virginia Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 81 101764.6
1999 119 1451137.0
2000 210 2743279.5
2001 115 136939.3
2002 70 85429.0
2003 63 80398.3
2004 62 78298.7
2005 75 86514.2
2006 74 89437.9
2007 78 94554.9
2008 21 21 98.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 18 18 73.3
2006-2 21 21120.6
2006-3 24 24164.2
2006-4 26 26 79.8
2007-1 21 21104.3
2007-2 25 25151.4
2007-3 16 16 97.8
2007-4 32 32201.5
2008-1 21 21 98.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Software 13 13 44.4
2 Media and Entertainment 3 3 9.2
3 IT Services 2 2 41.5
4 Biotechnology 1 1 0.1
5 Medical Devices and Equipment 1 1 2.3
6 Telecommunications 1 1 1.5
-Total 21 21 98.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 8 8 59.7
2 Internet Software,Services and Tools 6 6 10.9
-Total 14 14 70.6

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Seed1 1 0.0
2Startup6 6 21.2
3Expansion4 4 17.6
4Later Stage10 10 60.2
-Total 21 21 98.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 VA-FAIRFAX 13 13 59.0
2 VA-LOUDOUN 3 3 19.6
3 VA-ALEXANDRIA CITY 2 2 12.9
4 VA-MANASSAS CITY 1 1 0.1
5 VA-ROANOKE CITY 1 1 2.3
6 VA-HENRICO 1 1 5.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Washington Metroplex 21 21 98.9
-Total 21 21 98.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Virginia

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 California 8 8
2 Virginia 5 7
3 Maryland 3 5
4 Massachusetts 3 3
5 Illinois 3 3
6 Georgia 3 3
7 D. of Columbia 3 3
8 New Jersey 1 3
9 New York 2 2
10 Pennsylvania 2 2
11 Ontario,(CA) 1 1
12 Texas 1 1
13 Maine 1 1
14 Utah 1 1
15 Wisconsin 1 1
16 North Carolina 1 1
-Total 42 51

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Virginia Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 California 10 10
2 Virginia 8 8
3 Maryland 4 4
4 Massachusetts 3 3
5 New Jersey 3 3
6 New York 2 2
7 Washington 1 1
8 Florida 1 1
9 North Carolina 1 1
10 Georgia 1 1
11 Texas 1 1
12 Illinois 1 1
13 Indiana 1 1
14 Connecticut 1 1
- Total 38 38

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Virginia

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1999 81345.1 8585.5
2000 61373.2 6890.0
2001 2298.8 803.6
2002 1 90.0 182.1
2007 2195.4 942.5

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Virginia

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2007-2 1 87.5 451.9
2007-4 1108.0 490.6
Total 23498.0 18346.1

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Virginia

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Novak Biddle Venture Partners,3 3 2.8
2Edison Venture Fund3 3 6.3
3Valhalla Partners2 2 10.9
4New Atlantic Ventures (FKA: Dr2 2 7.2
5Baird Venture Partners1 1 1.2
6Bessemer Venture Partners1 1 0.9
7C&B Capital (AKA: Croft & Bend1 1 1.2
8CIBC Capital Partners1 1 0.3
9CIT GAP Fund (AKA: Center for 1 1 0.1
10Carlyle Group, The1 1 0.6

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Virginia

Top IPOs

01/01/2008 to 03/31/2008

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008