The Pacific Northwest Region saw total investments of $210.4M in Q4 of 2006, according to an analysis of the Northwest Innovation venture database. The analysis included investments in Washington state and Oregon, as well as some investments in British Columbia. For the year, the area saw investments of roughly $2.5B. The most active venture firms for the quarter in the area were Ignition Partners, with four deals; Madrona Ventures, with 3 deals; and Trilogy Partners, with 2 deals. The biggest investments for the quarter were for Seattle-based Media Systems, which raised $30M in the quarter; Redmond, Washington-based Pathway Medical, with $25M; and Bellevue-based Talyst, which found $20M in investments for the quarter.
Northwest Innovation tracks day-to-day venture capital activity in the Pacific Northwest region as part of its venture news and data service, using venture data disclosed by companies announcing funding; self-reported funding events from both technology companies and venture firms; as well as regulatory filings and other sources. The totals reported will differ from other venture capital surveys, due to sources of information, timing of funding events, and classification of data. PricewaterhouseCoopers/National Venture Capital Association, and Ernst & Young/VentureOne will release their quarterly nationwide results of venture activity later this month.