imgres-15Texas reported 150 venture capital backed deals worth $1.3 billion in 2013, according to a report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.
The number of deals in Texas fell nearly 9 percent from 163 but increased 37 percent in the dollars invested from $948.8 million in 2013.
The report found venture capitalists in the U.S. did 3,995 deals worth $29.4 billion, up four percent in number of deals and seven percent in dollar volume from a year earlier.
In the fourth quarter, Texas had 47 deals worth $315.9 million; up nearly 24 percent in number of deals and a 54 percent increase in dollar volume. Overall, $8.4 billion went to 1,077 deals nationwide in the fourth quarter.
The bulk of the money went to software and Internet companies.
The money invested in software companies reached the highest level since 2000 with $11 billion invested in 1,523 deals last year.
“Dollars going into software companies accounted for 37 percent of total venture capital invested in 2013, the highest percentage since the inception of the MoneyTree Report in 1995.”