MoneyTree Venture Capital Profile for Massachusetts

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Massachusetts Companies

By Year

As of 06/30/2010

Year Companies Deals Investment($M)
2000 645 78010139.8
2001 429 5104649.9
2002 308 3812459.9
2003 305 3782588.4
2004 319 3793028.4
2005 322 3732584.0
2006 330 3992831.3
2007 368 4503522.6
2008 362 4293064.6
2009 261 3122054.8
2010 156 1721303.2

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

By Quarter

Qtr Companies Deals Investment($M)
2008-1 114 115841.7
2008-2 107 108684.6
2008-3 103 104759.3
2008-4 101 102779.1
2009-1 63 64400.1
2009-2 67 67446.7
2009-3 83 83528.9
2009-4 98 98679.1
2010-1 86 86745.3
2010-2 86 86557.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

By Industry/Technology Sector

04/01/2010 to 06/30/2010

No. Sector Companies Deals Investment($M)
1 Software 25 25 73.4
2 Biotechnology 23 23293.6
3 Medical Devices and Equipment 9 9 20.2
4 IT Services 7 7 13.7
5 Semiconductors 5 5 20.7
6 Electronics/Instrumentation 4 4 64.7
7 Consumer Products and Services 3 3 4.9
8 Telecommunications 3 3 23.0
9 Media and Entertainment 3 3 3.8
10 Industrial/Energy 2 2 33.0
11 Business Products and Services 1 1 6.5
12 Other 1 1 0.4
-Total 86 86557.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

By Internet Related Technology

04/01/2010 to 06/30/2010

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 23 23 49.5
2 Internet Software,Services and Tools 10 10 37.0
3 Online Communications,Infrastructure and Hardware 3 3 12.7
-Total 36 36 99.1

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

By Stage

04/01/2010 to 06/30/2010

No. Stage Companies Deals Investment($M)
1Early Stage34 34254.5
2Seed15 15111.3
3Expansion23 23119.9
4Later Stage14 14 72.2
-Total 86 86557.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

by Top County

04/01/2010 to 06/30/2010

No. County Companies Deals Investment($M)
1 MA-MIDDLESEX 59 59417.1
2 MA-SUFFOLK 11 11 28.0
3 MA-NORFOLK 6 6 31.5
4 MA-ESSEX 3 3 15.0
5 MA-WORCESTER 3 3 64.6
6 MA-BERKSHIRE 1 1 0.4
7 MA-BRISTOL 1 1 0.5
8 MA-PLYMOUTH 1 1 0.5
9 MA-BARNSTABLE 1 1 0.2

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts Companies

By Major Metro Area

04/01/2010 to 06/30/2010

No. Area Companies Deals Investment($M)
1Boston 79 79484.2
2Other US 7 7 73.7
-Total 86 86557.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Massachusetts

By state of Funding Source

04/01/2010 to 06/30/2010

No. Source state Investors Deals
1 Massachusetts 32 47
2 California 18 26
3 New York 13 10
4 Non-US 9 8
5 Connecticut 6 7
6 Pennsylvania 4 4
7 New Jersey 2 4
8 Illinois 3 4
9 Maryland 3 4
10 Virginia 2 3
11 Colorado 3 3
12 Minnesota 2 2
13 Delaware 1 2
14 North Carolina 2 2
15 Washington 2 2
16 New Hampshire 1 1
17 Michigan 1 1
18 Texas 1 1
19 Ontario,(CA) 1 1
-Total 110 165

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment by Massachusetts Venture Funds

By state of Companies Receiving Money

04/01/2010 to 06/30/2010

No. Target state Companies Deals
1 Massachusetts 74 74
2 California 71 71
3 New York 32 32
4 Non-US 25 25
5 New Jersey 9 9
6 Maryland 7 7
7 Connecticut 6 6
8 Washington 6 6
9 Pennsylvania 5 5
10 Virginia 5 5
11 Texas 4 4
12 Florida 3 3
13 Arizona 3 3
14 Minnesota 3 3
15 Rhode Island 3 3
16 New Hampshire 2 2
17 North Carolina 2 2
18 Montana 2 2
19 Illinois 2 2
20 Indiana 2 2
21 Unknown 2 2
22 Quebec,(CA) 2 2
23 Oregon 1 1
24 D. of Columbia 1 1
25 Delaware 1 1
26 Missouri 1 1
27 Colorado 1 1
28 Georgia 1 1
29 Ontario,(CA) 1 1
30 Ohio 1 1
31 Michigan 1 1
- Total 279 279

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Massachusetts

By Year

As of 06/30/2010

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2000 131476.9 8470.7
2001 1 56.0 261.6
2003 1 52.5 199.8
2004 6249.3 1476.5
2005 9742.5 3264.4
2006 5540.2 2040.2
2007 181414.6 6801.3
2009 2487.1 1667.6
2010 2268.5 1334.6

© 2010 Venture Economics/NVCA

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Massachusetts

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2009-3 2487.1 1667.6
2010-1 2268.5 1334.6
Total 46043.2 28518.8

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investing in Massachusetts

Most Active Venture Investors

04/01/2010 to 06/30/2010

No. Firm Companies Deals Investment($M)
1Flagship Ventures10 10 33.2
2North Bridge Venture Partners8 8 14.1
3Polaris Venture Partners5 5 10.0
4Matrix Partners4 4 10.4
5Commonwealth Capital Ventures4 4 8.3
6Beacon Bioventures3 3 12.0
7Flybridge Capital Partners3 3 10.4
8Egan-Managed Capital3 3 5.0
9HealthCare Ventures LLC3 3 7.6
10Village Ventures3 3 6.1

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Backed IPOs in Massachusetts

Top IPOs

04/01/2010 to 06/30/2010

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

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Profile Created:07/13/2010