Washington vs. Oregon: Here are the VC deals from Q1

money11111Last week, we reported on the new CB Insights VC report, noting that Oregon had overtaken Washington in terms of quarterly venture investments for the first time since 1993.

The MoneyTree Report, being released today by the National Venture Capital Association, Thomson Reuters and PricewaterhouseCoopers, offers a slightly different picture.

Washington just edged out Oregon, with $88 million invested. That compares to $70 million invested in Oregon startups. However, the trend line isn’t that positive in Washington, which typically pulls in more than $100 million in venture capital each quarter and usually ranks in the top four or five states in venture financing.

Nationally, VCs invested $5.9 billion in 863 deals in the first quarter, a decline of 12 percent in deals and 15 percent in dollars compared to the fourth quarter.

Here’s a look at the disclosed investments in Washington state.

wa-money22


And here’s a look at Oregon deals, bolstered by two large deals in Puppet Labs and Urban Airship:

oregon-vc-wa

  • lunarmobiscuit

    The list is interesting, as a few of the smaller deals on (at least) the WA deal are from Angel and Angel groups, not from VC funds. And yet there are other Angel deals I know closed in Q1 that are not on the list.

    What was the methodology to generate the list? SEC filings? Filtered by what else beyond geography? Software?

    • http://www.cbinsights.com/ CB Insights

      This is a great point. A report on VC should only include rounds in which VCs participate. As you note above, there are several angel deals here which do ultimately skew deal tallies.

      Disclosure: CB Insights puts out a report (a lovelier one I might add) that tracks quarterly venture capital data. If any questions, don’t hesitate to reach out. Our Q1 summary is here – http://www.cbinsights.com/blog/trends/venture-capital-2013-q1

    • johnhcook

      Luni,

      The list is generated via Thomson Reuters, PwC and the NVCA.

      We also track deals on GeekWire, mining SEC filings, and other sources.
      Just look for the tag venture capital on the site. That will pull up past deals we’ve tracked.
      John Cook
      Co-founder, GeekWire
      206-913-7926
      John@GeekWire.com
      @johnhcook

  • http://www.cbinsights.com/ CB Insights

    On a quick glance, here are some of the deals that NVCA and Thomson appear to have missed for Q1 (a couple clearly move the needle on funding totals)

    JanRain, NexPlanar, Measureful, Axium

    JanRain and NexPlanar were $33 and $10M respectively and so just those two push the Thomson #s for Oregon higher and above Washington.

    Hope this helps.