From Austin Business Journal, October 20, 2008...
Venture capital investment in the Austin market has slowed considerably in the last year, new data shows.
Venture capital firms invested just under $84 million in 17 deals during the third quarter, down 62 percent from the $224 million invested in 21 deals in third-quarter 2007, according to The MoneyTree Report from Pricewaterhouse Coopers and the National Venture Capital Association. The report is based on data from Thomson Reuters.
During the third quarter, Challenge Online Games Inc. was the biggest recipient of VC funds in Austin with $14.6 million through two separate deals. Nuventix Inc. got the largest single infusion of $14 million.
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