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NY-based CB Insights (previously known as ChubbyBrain) has released their CB Insights Venture Capital Activity Report for Q1 2010. If you are new to Chubby Brain and their CB Insights service, checkout our video overview. The ChubbyBrain team describes their service as, “Bloomberg for high value private companies”. The report is 32 pages in length and features lots of charts and graphs. If you are in the VC area or looking to raise funding, the report is a must read.
ChubbyBrain says the news overall is generally good with the number of total deals rising from 687 to 731. From the report, “Q1 ‘10 saw $5.9B invested across 731 deals, and the quarter’s performance was a marked increase over the year ago quarter which saw $3.9B invested across 483 deals. As we talked about in our Q4 ’09 report, the psychology and sentiment of entrepreneurs and venture capital investors continues to improve, albeit cautiously. While $5.9B remains far below quarterly levels seen before the ’08-’09 recession, there is some belief that the VC asset class has perhaps reset at a lower but ultimately more sustainable and healthier level.”
They also note that while the total number of angel deals remained pretty close to the prior quarter, total dollars raised dropped 21%. The report provides an overview and a look at several specific states including New York and California. NY-based firms raised $310 million in venture capital funding.
Here’s the total venture capital investment and deal volume by month:
During my trip to the NYU-Poly incubator, NY-based startup ChubbyBrain provided a brief overview of their service. I’ve embedded the video below. The ChubbyBrain team notes that they think of their service as, “Bloomberg for high value private companies”. They are currently targeting about 500,000 companies. The service provides a directory of companies with detailed information including funding, M&A, customers and statistical details. You can setup a watchlist of companies that interest you along with the ability to take a widget for offsite viewing.
They syndicate their data to GigaOm, Xconomy, ReadWriteWeb and some other blog and media partners. They aren’t trying to be a blog, rather a data provider to media outlets and entrepreneurs. The ChubbyBrain team is currently located in the NYU-Poly incubator.