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Tuesday, August 24, 2010

Philly venture capital fund is 3d-busiest in US: reports

First Round Capital, the West Conshohocken firm run by Infonautics/Half.com(eBay)/ TurnTide(Symantec) millionaire Josh Kopelman, his Half.com comrade Chris Fralic, and their (mostly NY- and Silicon Valley-oriented) partners, ranked #3, by number of deals, among US venture capital firms from mid-2009 to mid-2010, according to CB Insights.

CB is Chubby Brain, the New York State-backed data group run by ex-American Express-venture-capitalists Anand Sanwal and Jonathan Sherry. Fralic's tweet here.

List link here. With 48 deals in the past year, CB ranks First Round close behind New Enterprise and Kleiner Perkins, and ahead of Sequoia, Benchmark, and other better-known firms.  First Round's local deals include joining Comcast in the $81 million sale of Penn-founded Invite Media to Google.

Rank Firm name Deals
#1 New Enterprise Associates 59
#2 Kleiner Perkins Caufield & Byers 52
#3 First Round Capital 48
#4 Polaris Venture Partners 37
#5 Intel Capital 35
#6 Sequoia Capital 34
#7 Khosla Ventures 31
#7 Benchmark Capital 31
#9 North Bridge Venture Partners 29
#10 InterWest Partners 28

NEW: First Round does small deals. Measuring just the VALUE of the deals, First Round ranked 67th in the US, at $60 million, according to detailed data covering the same period from PricewaterhouseCoopers' Money Tree report. (Money Tree, like CB, also ranks First Round #3 for deal volume. Thanks to Emily Mendell from National Venture Capital Assocation for passing this along.)

Philadelphia-area venture dealmakers in 2009-10, and their equity investments, from Money Tree:

Quaker BioVentures Inc.: 15 deals with 14 companies, for $66 million (57th in U.S. by value)
First Round Capital: 65 deals with 53 companies, $60 million (67th in U.S. by value)
SAP Ventures: 6 deals with 5 companies, $34 million
Osage Partners LLC, 16 deals with 15 companies, $26 million
SCP Private Equity Partners: 3 deals with 2 companies, $25 million
Comcast Interactive Capital: 10 deals, $24 million
NewSpring Capital: 7 deals, $24 million
LLR Partners Inc.: 1 deal, $23 million
Safeguard Scientifics: 7 deals with 5 companies, $21 million
EnerTech Capital: 7 deals with 6 companies, $16 million
Novitas Capital (formerly PA Early Stage): 5 deals with 4 companies, $10 million
Ben Franklin Technology Partenrs of SE PA: 29 deals with 27 companies, $7 million
TL Ventures: 10 deals with 9 companies, $8 million
Posted by Joseph N. DiStefano @ 10:49 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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