MoneyTree Venture Capital Profile for Minnesota

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Minnesota Companies

By Year

As of 03/31/2011

Year Companies Deals Investment($M)
2001 71 84429.4
2002 51 57377.2
2003 44 59224.1
2004 43 52379.7
2005 38 44298.7
2006 37 42341.8
2007 49 61486.2
2008 45 49476.7
2009 34 35262.2
2010 24 27147.0
2011 8 8 58.0

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

By Quarter

Qtr Companies Deals Investment($M)
2009-1 5 5 48.3
2009-2 11 11 86.1
2009-3 6 6 26.4
2009-4 13 13101.5
2010-1 5 5 22.8
2010-2 9 9 52.9
2010-3 5 5 32.9
2010-4 8 8 38.4
2011-1 8 8 58.0

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

By Industry/Technology Sector

01/01/2011 to 03/31/2011

No. Sector Companies Deals Investment($M)
1 Medical Devices and Equipment 4 4 26.4
2 Software 1 1 0.9
3 Industrial/Energy 1 1 15.0
4 Healthcare Services 1 1 5.8
5 IT Services 1 1 10.0
-Total 8 8 58.0

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

By Internet Related Technology

01/01/2011 to 03/31/2011

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 2 2 10.9
-Total 2 2 10.9

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

By Stage

01/01/2011 to 03/31/2011

No. Stage Companies Deals Investment($M)
1Early Stage4 4 24.2
2Expansion1 1 5.8
3Later Stage3 3 28.0
-Total 8 8 58.0

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

by Top County

01/01/2011 to 03/31/2011

No. County Companies Deals Investment($M)
1 MN-HENNEPIN 5 5 29.5
2 MN-RAMSEY 2 2 27.6
3 MN-CARVER 1 1 0.9

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota Companies

By Major Metro Area

01/01/2011 to 03/31/2011

No. Area Companies Deals Investment($M)
1Twin Cities 8 8 58.0
-Total 8 8 58.0

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment in Minnesota

By state of Funding Source

01/01/2011 to 03/31/2011

No. Source state Investors Deals
1 California 5 4
2 Minnesota 2 3
3 Massachusetts 2 1
4 Non-US 2 1
5 Ohio 2 1
6 Wisconsin 1 1
7 Indiana 1 1
8 Iowa 1 1
9 Connecticut 1 1
10 Michigan 1 1
-Total 23 21

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investment by Minnesota Venture Funds

By state of Companies Receiving Money

01/01/2011 to 03/31/2011

No. Target state Companies Deals
1 California 7 7
2 Minnesota 3 3
3 Massachusetts 2 2
4 Texas 1 1
5 Alberta,(CA) 1 1
6 New Jersey 1 1
7 Ohio 1 1
8 Illinois 1 1
- Total 17 17

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Backed IPOs in Minnesota

By Year

As of 03/31/2011

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2003 1 51.0 130.4
2004 1183.2 614.4
2005 1 55.3 148.9
2006 3157.0 693.6
2007 3189.0 809.8
2010 1 49.2 131.1

© 2011 Venture Economics/NVCA

Data current as of 11-APR-2011

Venture Capital Backed IPOs in Minnesota

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2010-2 1 49.2 131.1
Total 1733.8 2659.2

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Capital Investing in Minnesota

Most Active Venture Investors

01/01/2011 to 03/31/2011

No. Firm Companies Deals Investment($M)
1Affinity Capital Management2 2 1.8
2Versant Ventures1 1 1.0
3Ant Capital Partners Co., Ltd.1 1 7.5
4Arboretum Ventures1 1 3.1
5Band of Angels1 1 0.1
6CID Capital1 1 1.8
7Canaan Partners1 1 0.5
8Clarian Health Ventures, Inc.1 1 0.1
9Fidelity Ventures1 1 1.5
10HLM Venture Partners1 1 0.8

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Venture Backed IPOs in Minnesota

Top IPOs

01/01/2011 to 03/31/2011

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

© 2011 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 11-APR-2011

Profile Created:04/12/2011