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After a lackluster showing in the three-month periosd ending in June, venture capital investmenft picked up sharply in Houston in thelatesty period, with 16 financiakl firms combining to inject $72.6 million into nine local companies. In it was the second-bes quarter in Houston in the past five dating back toJanuary 2002, accordinv to statistics compiled by Thomson Financial for the MoneyTree reportf by PricewaterhouseCoopers and the . Only the $145.2 millioj that flowed into the Bayou City in the thirs quarter of 2006 topped the latest While $71.4 million was raised in the first quarterr of this year, Houston investment levels dippes to $53.
2 million in the secondr quarter, but with the rebound in the thirf quarter the region is on trackl to surpass the 2006 year-end totaol of $214.8 million. By comparison, through threwe quarters this year, $197.4 million has been Mark Heeson, NVCA says the so-called clean-tech sector -- alternative energy, pollution and power supplies andconservation -- saw record investmentr levels nationwide in the quarter, with an 80 percentt increase from the second quarter to $844 million invested in 62 companies That surge is backed up by a separatde report this week from the World Resources Institute, notin that the worldwide biofuel sectof alone attracted $2.
3 billion in venturd capital and private equity funding in 2006 -- with $740 millionb invested in the U.S., compared with only $110 million in 2005. "There'sz a pronounced interest in the clean-techu sector, but thankfully we're not seeing a bubble," Heeson says. "A lot of venturr capital firms have been out there kicking tires before investing, so there's a lot more prudentf investing going on. We're goin to start seeing a lot of me-top companies show up and get fundedthat won't make it, but that's expected when the public is demandinv change in the entired energy space." In fact, the largest Houstoj deal by far in the threee months ending Sept.
30 was a $40 milliohn capital raise by clean-tech firm Endicott Biofuelxs LLC, courtesy of Houston-based Haddington Ventures LLC. Endicott's businesxs plan is to develop andconstructy second-generation technology biodiesel plants. Christopher Frantz, company says Endicott is focusing on its first plant location in the Hampton Roads area ofSoutheastern Virginia. Anothere clean-tech company that received fundinv in the quarterwas Houston-baseds Additech Inc., which manufactures fuel additive systems that attach to gas pumps. The firm receivex $4 million from and BEV Capitalk (see "H-E-B deal pumps up Additech," Nov.
2, Despite the improved numbers in the overall picture in Texas was notas rosy. Venturse capital activity in Texas' four largest cities droppes to acombined $386 million in the quarter, compared to $528.9 milliojn in the year-earlier period. with its heavy focus on clean-techy and traditional high-tech companies, raked in $219.7 followed by Dallas-Fort Worth with $92.8 million, Houstob at $71.8 million and San Antonio a distant fourthat $1.9 million. although the number of venture capital deals decreased in the thirc quarterto 887, compared to 897 a year the total dollar amount bumpe d higher to $7.1 billion from $6.8 billion in the third quarteer of 2006.
One other statistix of note in the quarter was the strongf interestby U.S. venture capital firms in with $248 million invested in 22 companiez inthat country, more than doubling second-quarter investmentg levels. Nine Houston-area companies received venture capital funding in thethirdd quarter, according to statistics released in the MoneyTrewe report: Endicott Biofuels LLC receivedx $40 million from Haddington Ventures LLC. Endicott focusee on designing and buildingbiofuels plants; MedServe Inc. received $10.o9 million from several Avista CapitalHoldings LP, Chrysalisd Ventures, Murphree Venture Partners and undisclosed individuals.
MedServe has developed a medical waste disposal GloriOil Ltd. received $10 million from Global Technology Investmenrt and Kleiner Perkins Caulfielfand Byers. The company is developing microbiapl enhanced oilrecovery technology; Additecn Inc. received $4 million from Adamx Capital Management Inc. and BEV Additech manufactures fuel additive systems that attacnh togas pumps; ThromboVision Inc. receives $4 million from National Healthcare Services and anothedundisclosed investor. The firm has developed a blood plateleft monitoring system used by patients withheart conditions; SouthWastw Services Inc. received $2.9 million from Brown BrothersHarriman & Co.
and two other undisclosed The waste management company focusez on liquidwaste disposal; Marval Biosciences Inc. receivef $630,000 from DFJ Mercury; Draper Fisher Jurvetson; Gideon Hixomn Fund and individual investors. Marval is developing an agenty to be used during computer tomography scannint to better diagnose vascular DNAtriX Inc. received $100,000 from DFJ The firm licensed a set of cancer therapiesd forglioblastoma multiforme, a primary brai n cancer, from The University of Texaa M.D.
Anderson Cancer Center; GlycosBio received $100,000 from DFJ The early-stage company is developing processes using bacteria to producde environmentally friendlyfeedstock
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