WASHINGTON-The wireless sector showed steady growth in venture-capital financing during the third quarter, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association.
One hundred fourteen wireless companies have received a total of $984 million in VC financing so far this year, said the report. In comparison, 135 companies raised financing of $1.1 billion for the full year last year.
The two largest venture deals of the quarter involved wireless companies, according to the report. The report did not name the companies.
Telecommunications companies overall garnered $605 million among 65 companies during the third quarter. The sector stands at $1.6 billion in financing via 185 deals, which puts it on pace to finish this year at a three-year high point, said the survey.
