| Life Sciences Draw 94% of Q1 2009 CT Venture Capital
Venture capitalists invested
a total off $37.3 million in five Connecticut companies in the
first quarter of 2009, up sharply from $15.1 million in eight
companies in the fourth quarter of 2008, according to The
MoneyTree® Report, issued quarterly by PricewaterhouseCoopers
and the National Venture Capital Association, based on data
from Thomson Reuters.
Of the $37.3 million invested
in the first quarter, $35.2 million, or 94%, represented
investment in life sciences companies (biotechnology and
medical devices).
Details are as
follows.
CT Life Science
Venture Capital Investments: Investments by Quarter and Type
|
|
|
Company
|
$
|
| 2009
Biotech |
Q1 |
Rib-X
Pharmaceuticals, Inc. |
25,000,200
|
| 2009
Biotech |
Q1 |
Affomix
Corporation |
5,211,000
|
| 2009
Biotech |
Q1 |
Optherion,
Inc. |
5,000,000
|
| |
|
|
|
| 2008
Medical Devices |
Q4 |
SurgiQuest, Inc. |
9,500,000
|
| 2008
Medical Devices |
Q4 |
Carigent Therapeutics, Inc. |
600,000
|
| 2008
Biotechnology |
Q3 |
Cara Therapeutics, Inc. |
12,300,000
|
| 2008
Biotech |
Q2 |
Optherion, Inc. |
15,000,000
|
| 2008
Medical Devices |
Q2 |
SurgiQuest, Inc. |
4,750,000
|
|
2008
Biotech
|
Q1
|
Pequot
EnzymeRx
|
14,000,000
|
|
2008
Biotech
|
Q1
|
Affomix
|
7,000,000
|
| |
|
|
|
|
2007
Biotech
|
Q1
|
RainDance
Technologies
|
23,655,000
|
|
2007
Biotech
|
Q1
|
Cara
Therapeutics
|
5,000,000
|
|
2007
Biotech
|
Q2
|
Spine
Wave
|
45,000,200
|
|
2007
Biotech
|
Q2
|
BioRelix
|
25,750,200
|
|
2007
Biotech
|
Q3
|
Optherion
|
10,000,000
|
|
2007
Biotech
|
Q3
|
Genomas
|
2,500,000
|
|
2007
Biotech
|
Q3
|
REN
Pharmaceuticals
|
1,000,000
|
|
2007
Biotech
|
Q4
|
Optherion
|
26,999,700
|
|
2007
Biotech
|
Q4
|
Carigent
Therapeutics
|
2,000,000
|
|
|
|
|
|
|
2007
Medical Devices
|
Q1
|
Stevens
Proof of Concept
|
500,000
|
|
2007
Medical Devices
|
Q1
|
Applied
Spine Technologies
|
15,000,000
|
|
2007
Medical Devices
|
Q2
|
Applied
Spine Technologies
|
13,000,000
|
|
2007
Medical Devices
|
Q3
|
HistoRx
|
6,552,000
|
|
2007
Medical Devices
|
Q4
|
Ikonisys
|
20,000,000
|
|
2007
Medical Devices
|
Q4
|
HistoRx
|
2,280,000
|
CT Life Science
Venture Capital Investments by Type
|
|
2006
|
2007
|
2008
|
|
|
Deals
|
$
|
Deals
|
$
|
Deals
|
$
|
|
Biotech
|
9
|
146,600,800
|
9
|
145,589,300
|
3
|
34,300,400
|
|
Medical
Devices
|
2
|
15,000,000
|
7
|
69,332,000
|
3
|
15,787,000
|
|
Other*
|
|
|
1 |
23,655,000 |
|
|
|
TOTAL
(Life Sciences)
|
11
|
161,600,800
|
17
|
238,576,300
|
6
|
50,087,400
|
* RainDance
Technologies of Guilford
CT Life Science
Venture Capital Investments by Type (cont.)
|
|
Q1
2009
|
|
|
Deals
|
$
|
|
Biotech
|
3
|
35,211,200
|
|
Medical
Devices
|
0
|
|
|
TOTAL
(Life Sciences)
|
3
|
35,211,200
|
CT Venture
Capital Investments by Quarter
|
Quarter
|
# of Deals
|
Investment
Amount
|
Life Sciences Amount
|
% Life Sciences
|
| Q1
2009 |
5 |
$37.3
million |
$35.2
million |
94%
|
| Q4 2008 |
9 |
$15.1 million |
$10.1 million |
67%
|
| Q3 2008 |
9 |
$48.3 million |
$12.3 million |
25%
|
| Q2 2008 |
9 |
$43.9 million |
$20.7 million |
47%
|
| Q1 2008 |
7 |
$20.1 million |
$7.0
million
|
35%
|
| Q4 2007 |
12 |
$76.1
million
|
$61.3
million
|
81%
|
| Q3 2007 |
8 |
$36.8
million
|
$19.1
million
|
52%
|
| Q2 2007 |
8 |
$107.6
million
|
$88.5
million
|
82%
|
| Q1 2007 |
7 |
$
75.3 million
|
$46.0
million
|
61%
|
| Q4 2006 |
6 |
$39.3
million
|
$20.1
million
|
52%
|
|
Q3 2006
|
10
|
$56.4
million
|
$21.5
million
|
38%
|
|
Q2 2006
|
9
|
$111.7
million
|
$68.7
million
|
62%
|
|
Q1 2006
|
6
|
$56.6
million
|
$51.3
million
|
91%
|
CT Venture
Capital Investments by Year
|
Year
|
# of Deals
|
Investment Amount
|
Life Sciences Amount
|
% Life Sciences
|
| 2008 |
34
|
$127.4
million
|
$50.1 million |
39% |
| 2007 |
37
|
$295.8
million
|
$238.6 million |
81% |
| 2006 |
31
|
$263.9
million
|
$161.6 million |
61% |
|
2005
|
31
|
$192.8
million
|
|
|
|
2004
|
32
|
$195.9
million
|
|
|
|
2003
|
34
|
$203.8
million
|
|
|
|
2002
|
38
|
$182.7
million
|
|
|
| 2001 |
70
|
$549.8
million
|
|
|
|
