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"Top Valley Fundings"
February 4, 2002

These companies received the highest amounts of venture funding in the Bay Area during the 2001 fourth quarter. (Figures in millions.)

COMPANY

CITY

YEAR FOUNDED

PRODUCT

AMOUNT

SS8 Networks

San Jose 1999 IP signaling $62.0

Zambeel

Fremont

1999

Storage systems

$52.6

QuickSilver Technology

San Jose

1998

Wireless technology

$50.0

Avolent

San Francisco

1995

Internet billing

$40.0

Callidus Software

San Jose

1996

Enterprise software

$40.0


Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey

Top 10 Financing Events in the Fourth Quarter 2001

There was a significant decline in nine-figure investments in the Fourth Quarter. In the Third Quarter, six companies received equity investments of $100 million or more, while in the Fourth Quarter, only one venture achieved this milestone. The top ten equity investments during the Fourth Quarter were as follows:

1. Reliant Pharmaceuticals (Liberty Corner, NJ) ...$150.0 million
2. PhotonEx (Maynard, MA) ...$90.0 million
3. 24 Hour Fitness Worldwide (Carlsbad, CA) ...$85.0 million
4. Avalon Pharmaceuticals (Gaithersburg, MD) ...$70.0 million
5. GeoLogistics (Santa Ana, CA) ...$67.5 million
6. Pharmion (Boulder, CO) ...$65.0 million
7. SS8 Networks (San Jose, CA) ...$62.0 million
8. Cogent Communications (Washington D.C.) ...$62.0 million
9. White Rock Networks (Richardson, TX) ...$60.0 million
10. Chorum Technologies (Richardson, TX) ...$60.0 million

                                      
 

 

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