Publisher:  PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA)
Date: October 19, 2011

Life Sciences and Clean Tech Investing Falls as Software Surges to a 10-Year High

Venture capitalists invested $6.95 billion in 876 deals in the third quarter of 2011, according to the MoneyTreeTM Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment activity fell 12 percent in terms of dollars and 14 percent in the number of deals compared to the second quarter of 2011 when $7.9 billion was invested in 1,015 deals.

For the first three quarters of 2011, venture capitalists invested $21.2 billion into 2,725 deals, representing 20 percent more dollars and three percent more deals as the first three quarters of 2010. The Life Sciences (biotechnology and medical device industries combined) and Clean Technology sectors saw marked decreases in both dollars and number of deals while the Software sector enjoyed its strongest quarter in almost 10 years.  Read more here.