Each week, The Chronicle tracks the latest investments, fundraising, mergers and initial public offerings involving Bay Area venture capitalists and startups. Here are some recent highlights.
-- Capital markets snapshot. The value of acquisitions of venture-backed companies in the third quarter slipped to $2.3 billion, down from $2.8 billion the previous quarter and barely half of the $5.2 billion recorded in the third quarter a year ago. But a perceived opening of the IPO markets is causing some optimism. There were two venture-backed IPOs in the quarter, A123 Systems Inc. and LogMeIn Inc., one fewer than the last quarter. But the two third-quarter IPOs raised a total $460.4 million, up from $232.1 million in the prior quarter. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/10/01/BU3J19VNA7.DTL&type=business#ixzz0SnXZqsTQ
Value of venture-backed startups slips