The latest analysis of Rocky Mountain area startup activity tallies up around $306.12M in venture capital investments in the region during Q2 of 2010. The analysis--based on the proprietary venture capital database maintained by Techrockies--was down from the $472.9M in deals tallied in Q1. Techrockies tracks both announced and unannounced venture capital, angel, and private equity deals in Colorado, Utah, Arizona, Idaho, New Mexico, and Montana. The biggest deal in the quarter was for Fusion-io, a developer of flash memory-based disk drives, which raised $45.0M in April. The most active venture capital groups in the region were The Foundry Group, with investments in three deals; First Round Capital, with two deals; and New Enterprise Associates, with two deals. Of those venture firms, only Foundry--which is located in Boulder--is located in the immediate area.

To read the full, original article click on this link: Rocky Mountain Startups Raise $306.1M In Q2 | techrockies.com

Author: TechRockies