MoneyTree Venture Capital Profile for Minnesota

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Minnesota Companies

By Year

As of 06/30/2009

Year Companies Deals Investment($M)
1999 69 85617.4
2000 97 110990.1
2001 71 84441.3
2002 52 58414.7
2003 45 59233.0
2004 44 53431.8
2005 38 44301.1
2006 35 40329.7
2007 47 59484.3
2008 45 49495.0
2009 14 15153.1

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

By Quarter

Qtr Companies Deals Investment($M)
2007-1 7 7 49.0
2007-2 19 19173.4
2007-3 11 11 73.3
2007-4 22 22188.5
2008-1 12 12 60.0
2008-2 16 17157.4
2008-3 9 9214.5
2008-4 11 11 63.1
2009-1 5 5 56.2
2009-2 10 10 96.9

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

By Industry/Technology Sector

04/01/2009 to 06/30/2009

No. Sector Companies Deals Investment($M)
1 Medical Devices and Equipment 7 7 74.9
2 Biotechnology 1 1 13.9
3 Telecommunications 1 1 1.5
4 Computers and Peripherals 1 1 6.7
-Total 10 10 96.9

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

By Internet Related Technology

04/01/2009 to 06/30/2009

No. Industry Companies Deals Investment($M)
1 Online Communications,Infrastructure and Hardware 1 1 1.5
-Total 1 1 1.5

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

By Stage

04/01/2009 to 06/30/2009

No. Stage Companies Deals Investment($M)
1Early Stage3 3 21.0
2Expansion1 1 13.9
3Later Stage6 6 62.1
-Total 10 10 96.9

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

by Top County

04/01/2009 to 06/30/2009

No. County Companies Deals Investment($M)
1 MN-HENNEPIN 7 7 67.8
2 MN-RAMSEY 1 1 22.1
3 MN-ANOKA 1 1 6.7
4 MN-CARVER 1 1 0.5

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota Companies

By Major Metro Area

04/01/2009 to 06/30/2009

No. Area Companies Deals Investment($M)
1Twin Cities 10 10 96.9
-Total 10 10 96.9

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment in Minnesota

By state of Funding Source

04/01/2009 to 06/30/2009

No. Source state Investors Deals
1 Minnesota 8 7
2 California 9 4
3 Illinois 3 2
4 Massachusetts 1 1
5 Manitoba,(CA) 1 1
6 Maryland 1 1
7 Connecticut 1 1
8 Ile de France 1 1
9 New Jersey 1 1
10 South Dakota 1 1
11 Tennessee 1 1
12 Washington 1 1
13 Georgia 1 1
14 Michigan 1 1
-Total 33 27

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investment by Minnesota Venture Funds

By state of Companies Receiving Money

04/01/2009 to 06/30/2009

No. Target state Companies Deals
1 Minnesota 11 11
2 California 8 9
3 Illinois 1 1
4 Massachusetts 1 1
5 Washington 1 1
6 Rhone-Alpes 1 1
7 North Carolina 1 1
8 North Dakota 1 1
9 New Jersey 1 1
10 South Dakota 1 1
11 Idaho 1 1
12 Missouri 1 1
- Total 29 30

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Backed IPOs in Minnesota

By Year

As of 06/30/2009

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1999 3309.5 1382.3
2000 6427.8 1769.7
2003 1 51.0 130.4
2004 1183.2 614.4
2005 2 79.3 243.1
2006 3157.0 693.6
2007 3189.0 809.8

© 2009 Venture Economics/NVCA

Data current as of 14-JUL-2009

Venture Capital Backed IPOs in Minnesota

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2007-4 3189.0 809.8
Total 31585.7 6453.2

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Capital Investing in Minnesota

Most Active Venture Investors

04/01/2009 to 06/30/2009

No. Firm Companies Deals Investment($M)
1RAIN Source Capital, Inc. (FKA2 2 0.6
2Split Rock Partners LLC2 2 1.6
3Affinity Capital Management2 2 4.9
4CMEA Capital (FKA: CMEA Ventur1 1 4.6
5Canaan Partners1 1 2.4
6CentreStone Ventures Inc.1 1 1.8
7Delphi Ventures1 1 1.1
8Dow Chemical Company, The1 1 1.5
9Duchossois Technology Partners1 1 1.5
10Frazier Healthcare and Technol1 1 0.5

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Venture Backed IPOs in Minnesota

Top IPOs

04/01/2009 to 06/30/2009

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

© 2009 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 14-JUL-2009

Profile Created:07/15/2009