Trending: Amazon responds after leaked memo reveals company’s PR strategy against warehouse worker

vcdeals-dollarsA series of very large financing deals — including Cloudera ($900 million); TangoMe ($280 million); and Domo Technologies ($125 million) — helped propel U.S. venture capital totals to the highest level since second quarter of 2001. Investments jumped 44 percent to $10 billion, while deal activity rose five percent compared to the same quarter last year, according to a report out today from CB Insights.

billiondollarsdealsThe public markets also are firing, with 35 VC-backed companies pricing shares in the first quarter, the largest number since the third quarter of 2000.

“Yes the market is frothy,” wrote the authors of the report.

California saw more than half of venture capital investments, pulling in a whopping $5.75 billion, a 56 percent increase.

California was followed by Massachusetts ($899 million); New York ($843 million); and Texas ($565 million).

Washington state didn’t fare quite as well in the first quarter, as investments fell to $151 million, giving the state a rank of 7th in terms of dollars. It ranked fifth in number of deals, while Oregon ranked 21st. The fourth quarter was propped up in Washington state by one mega-deal of $125 million in Juno Therapeutics.

Washington state also was not helped by the fact that DocuSign, which raised $85 million during the first quarter, is classified as a California company even though the company’s offices and execs are split between Seattle and San Francisco.

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