Bay Area-Silicon valley seed fundings posied to smash record

Jul 26, 2013, 11:38am PDT

Bay Area-Silicon Valley seed fundings poised to smash record

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CB Insights

Seed funding of startups in the Silicon Valley and San Francisco region are on pace to shatter records, despite the threat of a Series A funding crunch.

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Cromwell Schubarth

Senior Technology Reporter- Silicon Valley Business Journal

Email | Twitter | Google+

Seed funding in the Bay Area is on track to set records, according to a new report from CB Insights.
There have already been 242 deals in the region, with $192 million invested, the report said. That is more than what was invested in all of 2010 and is already nearly equal to activity in 2011.
And it doesn't include investments by the biggest seed funders in the region — the 500 Startups and Y Combinator accelerators. CB Insights doesn't fold in those numbers nor does it include investments made by individuals.
The CB Insights report shows SV Angels as the biggest local seed funder since 2010. The Pitchbook report showed SV Angel at No. 5, behind 500 Startups, Y Combinator, Techstars and Abndreessen Horowitz.
So the rankings of investors and numbers look quite different from last week's Halo Report, which only tracked angel groups investing their own funds — and this week's Pitchbook report, which included the accelerators.
CB Insights also noted this month a bump in the number Series A fundings in the second quarter. But it will take a major shift to deal with the kind of jump in seed fundings happening in the region.
The research firm is also reporting a shift in which sectors are getting seed funds. Internet seed deals look like they will finish the year below 2012. Mobile seed deals, on the other hand, have already doubled 2010 levels and are at 75 about of what was invested in the sector in 2012.
Click here to read the CB Insights blog about seed funding in the Silicon Valley and San Francisco area.
Click here to subscribe to TechFlash Silicon Valley, the free daily email newsletter about the region's founders and funders.

Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

Related links:

Venture capital, Startups

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Technology

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