Fairfax County firms nab more than half 2nd quarter Virginia VC investments

September 4th, 2007

FAIRFAX COUNTY-VA–Twelve Fairfax County-based companies received $86.09 million in venture capital investments in the second quarter of 2007, according to figures compiled by the Fairfax County Economic Development Authority based on the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Survey.

All 12 companies work in the technology industry.

The total for Fairfax County companies represents 63 percent of the $137.13 million invested in Virginia companies during the quarter. The county total also represents 31.7 percent of the $271.70 million invested in 52 deals involving companies from the Washington region (District of Columbia, Virginia, Maryland and West Virginia), according to the MoneyTree Survey.

Companies that garnered the most venture capital money include Parature ($13.9 million), Avail Media, Inc. ($12.2 million), VidSys, Inc. ($10 million) and Ruckus Network, Inc. ($9.9 million).

Fairfax County companies have received almost $4 billion in private equity funding since the FCEDA began its Capital Attraction Program in 1997 to link entrepreneurs with possible funding sources. More than 30 venture capital firms and organizations have offices in Fairfax County—the highest concentration in the Washington area.

Companies that landed VC in the second quarter were:

Avail Media, Inc. $12.2 million www.availmedia.com

Defywire $2.8 million www.defywire.com

Digital Signal Corporation $8.0 million www.digitalsignalcorp.com

LT Technologies $100 million www.lt-technologies.com

Parature $13.87 million www.parature.com

Rivermine Software $8.7 million www.rivermine.com

Ruckus Network, Inc. $9.97 million www.ruckusnetwork.com

SPADAC Inc $2.5 million www.spadac.com

TD Security Inc.( TrustDigital) $8.55 million www.trustdigital.com

videoNEXT $5.4 million www.videonext.com

VidSys, Inc. $10.0 million www.vidsys.com