Bay State Led in Venture Funds Raised in First Three Quarters

The money has been flowing in the Bay State. Massachusetts venture capital firms raised $6.6 billion in the first nine months of this year, the most of any state in the nation, according to data released yesterday by Dow Jones Private Equity Analyst.

The total for Massachusetts firms—which between them closed 18 venture funds during the period—represents almost all of the roughly $7 billion raised throughout New England (there were three Connecticut funds and one in New Hampshire). The Golden State, while closing 33 funds, the highest number of any state, ranked second in dollars raised with $6.1 billion. The Empire State ran a distant third with $2.1 billion raised in eight deals.

Here’s the list of the Massachusetts funds identified by the report.

Bessemer Venture Partners VII—$1 billion
Battery Ventures VIII—$750 million
General Catalyst Group V—$600 million
MPM (Capital) Bioventures IV—$550 million
North Bridge Growth Equity—$545 million
Bain Capital Venture Fund 2007—$500 million
Third Rock Ventures—$378 million
Spark Capital II—$360 million
SV Life Sciences IV—$347 million
Charles River Partnership XIII—$285 million
Advanced Technology Ventures VII—$272 million
Tudor Ventures III—$262 million
Commonwealth Capital Ventures IV—$250 million
Fidelity Ventures IV—$150 million
.406 Ventures Fund I—$150 million
Village Ventures Partners II—$100 million
Century Capital Partners IV—$50 million
Globespan Capital Partners V—$30 million

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