Q1 2004 Colorado Venture Capital Activity

$74 million of venture capital was invested in 6 Colorado based companies during Q1 2004. The average deal size in Q1 2004 was $12.33 million.

(PRWEB) April 23, 2004 -- Q1 2004 Hot Sectors
More than 90% of the venture capital invested during Q1 2004 went to 2 companies manufacturing storage equipment. The largest deal was a $51 million investment in Cornice, Inc. is a Longmont based company that provides a new class of portable storage solutions for consumer electronics and pocket-able entertainment and computing devices.
Q1 2004 Funding Round

As shown in the chart below, 69% of the companies that raised venture capital during Q1 2004 are companies that raised their Series C round of funding. The largest Series C round of financing was by Cornice.

Overview Q1 2004 vs. Q1 2003
$74 million of venture capital was invested in 6 Colorado based companies during Q1 2004. The amount of venture capital raised by Colorado companies in Q1 2004 is down from Q1 2003 by 39.39% for a total of $48.1 million. The total venture capital raised in Q1 2003 by 10 Colorado based companies was $122.10 million. The average deal size in Q1 2004 was $12.33 million which is a little higher than the average size deal in Q1 2003 of $12.21 million.

Overview Q1 2004 vs. Q4 2003
$74 million of venture capital was invested in 6 Colorado based companies during Q1 2004. The amount of venture capital raised by Colorado companies in Q1 2004 is down from Q4 2003 by 4% for a total of $2.75 million. The total venture capital raised in Q4 2003 by 14 Colorado based companies was $76.75 million. The average deal size in Q1 2004 was $12.33 million which is significantly higher than the average size deal in Q4 2003 of $5.48 million.