MoneyTree: US Venture Capital investment way up, but Philly area down

While venture capital investment nationwide showed a signicant increase in Q2 2011, in the Philly area VC funding was down, acoording to data released today in the MoneyTree report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA.)

Nationally, venture capital investments rose 19% in Q2 2011 to $7.5 billion in 966 deals, up 19% over Q1 2011. Internet-specific investments were reported to be at a ten year high, and investments in the Life Sciences sector also rose 37% from the previous quarter.

However, VC investment in the Philadelphia Metro area in Q2 2011 was $89 miliion, on 29 deals, down from $128 million in the previous quarter and the lowest amount since Q1 2010.

Of that $89 million, $30 million went to Neuronetics of Malvern, a company that uses magnetic fields to treat depression. There were few large IT or Internet-related deals; the largest was $18 million for Pet360 of Plymouth Meeting, a deal I wrote about a couple of weeks ago.

Other significant investments were in ProtonMedia of Lansdale ($4.5 million) led by Kaplan VC LLC, InstaMed Comunications of Philadelphia ($4 million) from the New Jersey Technology Council and US Bancorp, Collections Marketing Center, Inc. of Wilmington ($2.6 million) led by Milestone Venture Partners and Osage Partners, LLC, Agilence Inc. of Camden ($2.6 million) from MMV Financial, Inc., Aklero Risk Analytics, Inc. of Fort Washington ($1.2 million) led by Robin Hood Ventures, and TimeSight Systems, Inc. of Mount Laurel ($1.1 million) led by Contour Venture Partners and New Venture Partners LLC.

Smaller amounts went to Ryzing LLC (Philadelphia), Sanovia Corporation (Philadelphia), Careerminds Group, Inc. (Hockessin, Delaware), CityRyde LLC (Philadelphia), Yorn LLC (Conshohocken), and AlignAlytics (Wayne), formerly AlineGRC.

Daily Links 7/20/2011: myYearbook acquired for $100 million

Latino Social Net Quepasa Buys myYearbook For $100 million (paidContent)
Perhaps a bit less than I thought it might be worth.

This 21-Year-Old Just Sold Her Startup For $100 Million (Silicon Alley Insider)

Facebook For Latinos Quepasa Buys myYearbook For $100 Million In Cash And Stock (TechCrunch)
Includes letter from CEO Geoff Cook to employees.

Meet Google’s Latest Takeover Target: InterDigital (Wall Street Journal: Deal Journal)
Apple is also interested, according to this Bloomberg report.

TruePosition® Lawsuit Alleges Ericsson, Alcatel-Lucent and Qualcomm Conspired to Eliminate a Predominant Mobile Positioning Technology Used in Emergency Response and Law Enforcement (Business Wire)

Exclusive: Dotcom Era Survivor Cvent Raises $136 Million Round (TechCrunch)
Competes against Philly-based and ICG-backed Starcite in the corporate meetings management software business.

SAIC To Acquire Vitalize Consulting Solutions (HISTalk)
Based in Reading, MA, Healthcare IT consulting firm Vitalize has offices in Chadds Ford Kennett Square.

eBay Beats The Street; Revenue Up 25 Percent To $2.8B; PayPal Posts First $1B Quarter
Takes some charges from GSI Commerce acquisition.

Study: Sharp Rise in ERP Users Mulling Support Alternatives (PC World)

Lockheed Martin offers buyouts to 6,500 employees (Washington Post)
About 300 Valley Forge employees among those eligible for buyouts.

Lifeshield Security Locks Up More Than $8 Million in Third Round of Funding (Globe Newswire)

Unlock or unplug remotely with home automation (Philadelphia Daily News)

TE Connectivity profit beats forecasts (Reuters)
TE Connectivity (formerly Tyco Electronics) has its operational headquarters in Berwyn.

Warwick buys Alteva: Are hosted VoIP valuations rising? (NPRG Insights)

Oracle Makes Fusion Applications 'available' (PC World)