Venture capital investing in the Northwest region — consisting of Washington state, Oregon, Idaho, Montana and Wyoming — dipped during the third quarter as 36 companies raised $141.7 million. That was down from $224 million in the previous quarter, and off from $174.3 million in the third quarter of last year.
Nonetheless, there were some sizable deals completed, most notably the $50 million round in Bill Gates-backed satellite communications upstart Kymeta. That was followed by Portland’s Jama Software ($13 million); Arlington-based Microgeen Polymers ($10 million); Seattle Context Relevant ($7 million); Boise’s Balihoo ($5 million); Bellevue’s iSpot.tv ($5 million); Seattle’s Yapta ($4.2 million) and Seattle’s Theraclone ($4 million).
Here’s a look at the companies that raised $1 million or more during the quarter, according to the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. What’s interesting here is the split between Seattle area and Portland area, with six Oregon startups and 17 Washington startups raising more than $1 million.
