Slideshow: Top Second Quarter Venture Deals Show Internet, Health Care And Late Stage Focus

Venture capitalists picked up the pace with their second quarter investments, pouring money into Internet and life sciences startups.

The quarter’s largest deals reflect this binary focus, according to the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of this blog. Six have to do with the Internet or IT. Three are connected to health care. One is a cleantech transaction.

The second quarter saw a slight uptick in early stage financings. Seed and early stage fundings across all industries accounted for 48% of total deals in the quarter, up from 46% in the first quarter, the MoneyTree Report shows.

But large deals were still in vogue. Eight transactions came in at $100 million or more, including one at $165 million. Average deal size for the quarter was up 8% from a year ago to $8 million. Among later stage transactions, it rose to $11.5 million, up 40% from a year ago and topping the $10.8 million of the first quarter of 2010. It was the largest average deal size for later stage companies since the first quarter of 2004.

Why the venture community would be willing to put big pots of money in late stage startups is no mystery. Exit markets are heating up, especially for hot Internet IPO-bound social media companies. If a GP hasn’t yet climbed aboard the train, better run for the caboose.

What follows is a slideshow of the quarter’s top deals with transaction amount and backers. Earlier today were reported on the MoneyTree numbers.

[slideshow]

[slide title="No. 10: Merrimack Pharmaceuticals"]

Location: Cambridge, MA

Business Description: Supplies Therapies For Autoimmune Disease And Cancer

Stage Of Development: Later Stage

Deal Size: $77 million

Venture Backers: Credit Suisse Private Equity, Undisclosed Firms

[slide title="No. 9: Kabam"]

Location: Redwood City, CA

Business Description: Develops Social Games

Stage Of Development: Expansion Stage

Deal Size: $85 million

Venture Backers: Canaan Partners, Google Ventures, Intel Capital, Performance Equity Management, Pinnacle Ventures, Redpoint Ventures, SK Telecom Ventures

[slide title="No 8: Square "]

Location: San Francisco

Business Description: Supplies Mobile Payments Services

Stage Of Development: Expansion Stage

Deal Size: $100 million

Venture Backers: Kleiner Perkins Caufield & Byers, Tiger Global Management

[slide title="No 7: Intrexon"]

Location: Blacksburg, VA

Business Description: Develops Synthetic Biology Tools

Stage Of Development: Later Stage

Deal Size: $100 million

Venture Backers: Third Security, Undisclosed Firm

[slide title="No 6: Coupons.com"]

Location: Mountain View, CA

Business Description: Provides Online Coupons

Stage Of Development: Later Stage

Deal Size: $100 million

Venture Backers: Undisclosed

[slide title="No 5: i/o Data Centers"]

Location: Phoenix

Business Description: Offers data center services

Stage Of Development: Later Stage

Deal Size: $105 million

Venture Backers: J.P. Morgan Asset Management, Sterling Partners

[slide title="No. 4: Cameron Health "]

Location: San Clemente, CA

Business Description: Makes Implantable Defibrillators

Stage Of Development:  Later Stage

Deal Size: $107 million

Venture Backers: Alloy Ventures, Delphi Ventures, PTV Sciences, RiverVest Venture Partners, Three Arch Partners, Versant Ventures

[slide title="No. 3: Fisker Automotive"]

Location: Anaheim, CA

Business Description: Builds Electric Cars

Stage Of Development: Later Stage

Deal Size: $115 million

Venture Backers: Advanced Equities, Kleiner Perkins Caufield & Byers, New Enterprise Associates

[slide title="No. 2: Gilt Group"]

Location: New York

Business Description: Operates Online Shopping Community

Stage Of Development: Expansion Stage

Deal Size: $138 million

Venture Backers: Draper Fisher Jurvetson, Eastward Capital, General Atlantic, Goldman Sachs, Matrix Partners, New Enterprise Associates, Pinnacle Ventures, Softbank, TriplePoint Capital

[slide title="No 1: CSN Stores"]

Location: Boston

Business Description: Online Retailer Of Home/Office Goods

Stage Of Development: Later Stage

Deal Size: $165 million

Venture Backers: Battery Ventures, Great Hill Equity Partners, HarbourVest Partners, Spark Capital

[/slideshow]

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