The fourth quarter has gotten off to a good start, as private company financing rose to $363 million on 115 deals recorded in the past week (versus $294 million and 110 deals in the prior week). As always, California retained the top position, however, its share of total funding fell to 35% for the week (versus 50% in prior week). Illinois took over the second spot and continues to build a case for Chicago as an emerging venture capital hub. New York beat out Massachusetts for the third spot. The Empire State kicked off the fourth quarter with its single largest week of funding since mid-July. The Top 5 funding league table was rounded out by Massachusetts and Pennsylvania. After a lackluster third quarter, Massachusetts continues to register lower than expected private company financing. Pennsylvania was the sixth most funded location in the third quarter, behind the big three (CA, MA, & NY), Texas and Washington. Last week, Pennsylvania got an early jump on the competition (Washington and Texas) taking in nearly $20 million in funding. Interactive charts on the past week’s dealflow are below (they may take a second to load). To see profiles on the private companies receiving funding in the last week, logon to CB Insights.
To read the full, original article click on this link: Q4 Off to a Good Start – NY Beats out Massachusetts Again? | CB Insights - Blog
