Wave Issue 0200 1/4/02 Article 6-01

***Venture Capital Backed Companies Raise $35 Billion in 2001
(December 21)

VentureWire, a news source for the venture capital community, has
released its year-end results for venture capital investing.
Private U.S.-based companies raised $35.3 billion in 2001 in more
than 3,000 financings.

This year is the third most active year on record for venture
capital investment. In 2000, private companies raised $94.3
billion in 6,420 financings. In 1999, 3,507 deals raised $38.9
billion. These figures are based on daily investment totals
recorded by VentureWire as well as additional research.

Information sciences companies, working in fields such as
enterprise software, optical networking, and semiconductors,
raised the bulk of the funding in 2001: $29.3 billion. That is
down from last year's figure: $83.4 billion.

Life sciences investment was more stable. Biotech, medical
devices, healthcare, and related technology companies raised $4.8
billion in 2001. That is down from $6.5 billion in 2000, though
much of the decline came in the e-health sector. Investment in
biotechnology and medical devices startups actually increased
over last year.

These results are part of VentureWire's year-end venture capital
research. Full details will be released in January.

research.venturewire.com