Just ten deals were recorded by EE Times' Venture Capital Counter (VCC) and these raised $180.15 million, down from $239.7 million raised across 17 deals in June. July’s figures were also down form the same month a year earlier when 18 deals amassed $217.55 million.
The weakness was a despite a record-breaking $66 million raised by Alien Technology Inc. (Morgan Hill, Calif.) in a Series H round of financing. Venture capitalists are obviously betting on Alien becoming a multi-hundred million dollar giant in the RFID market.
Whereas in June activity in Europe had helped the Venture Capital Counter July’s deal flow was low with only one deal recorded in Europe, with California catching four, the rest of the U.S. three and Canada two deal.
EEVCC monthly break down in 2005
| Month 2005 | No. of deals | Investment ($million) | Investment/deal ($million) |
|---|---|---|---|
| January | 10 | $92.70 | $9.3 |
| February | 16 | $208.05 | $13.0 |
| March | 8 | $96.8 | $12.1 |
| April | 25 | $273.3 | $10.9 |
| May | 16 | $190.65 | $11.9 |
| June | 17 | $239.7 | $14.1 |
| July | 10 | $180.15 | $18.0 |
| Total | 102 | $1281.35 | $12.6 |
| Source: EE Times, Aug. 1, 2005 | |||
EEVCC break down Q-by-Q
| Quarter | No. of deals | Investment ($million) | Investment/deal ($million) |
|---|---|---|---|
| Q1 2004 | 44 | $664.5 | $15.1 |
| Q2 2004 | 58 | $620.95 | $10.7 |
| Q3 2004 | 41 | $492.85 | $12.0 |
| Q4 2004 | 30 | $350.6 | $11.7 |
| Total 2004 | 173 | $2128.9 | $12.3 |
| Q1 2005 | 34 | $397.55 | $11.7 |
| Q2 2005 | 58 | $703.65 | $12.1 |
| Source: EE Times, July 1, 2005 | |||
A detailed record of EEVCC activity in 2004 could be found here when this story was first posted.