We won’t officially know until early Q1 whether VC investment levels returned to normal in Q4, but I have yet another piece of anecdotal evidence that the market is improving. For the second month in a row, I’ve been surprised by the number of deals on Venture Capital Journal’s list of the Top 10 Most Active VCs.
For most of this year, the top deal maker on the list has done about seven or eight deals per month. That changed in October, with New Enterprise Associates going into warp drive and closing 12 deals, up from eight the prior month.
For November, I found that not only did NEA do another dozen deals, but it wasn’t even at the top of the list. Intel Capital came in at No. 1 for November with 16 deals, up from just three deals the prior month.
I’m not ready to say “Venture Is Back, Baby,” like Jon Callaghan, but these data points at least give us reason to hope.
VCJ subscribers can get an early look at the entire November top 10 list.
Here’s a peek at Intel’s deals for November:
COMPANY NAME – DESCRIPTION
Active Storage Inc. – Develops hardware RAID solutions for Apple-based infrastructures.
Clearwire Corp. – Provides wireless broadband Internet access services.
Crucialtec Co. Ltd. – Manufactures input devices.
Gudeng Precision Industrial Co. Ltd. – Manufactures semiconductor front-end equipment.
Joyent Inc. – Develops cloud computing technology.
NeuString FZE – Provides billing software and consulting services.
Phoenix New Media – Provides media services.
PicoChip Designs Ltd. – Designs semiconductors for the third generation mobile market.
Powervation Ltd. – Operates as a fabless semiconductor company.
Punchbowl Software Inc. – Develops web application for event and party planning.
Safend Ltd. – Develops security solutions.
Sendmail Inc. – Provides email security and infrastructure solutions to large enterprises.
Tethys Bioscience Inc. – Develops biological markers for the clinical diagnostics marketplace.
V-cube Inc. – Provides web-based visual communication vehicles.
Wortal Inc. – Provides services through Internet portals
Zend Technologies Inc. – Develops Hypertext Preprocessor technology.
Source: Thomson Reuters