Local venture-backed companies attracted $300 million in financing during the quarter compared with $242.6 million in the fourth quarter of 2007. However, deal volume decreased sharply to nine investment during the three-month period versus 23 in during the same period in 2007, the report shows.
Austin-based HomeAway Inc. collected the largest funding in the country during the fourth quarter. The online marketplace for vacation rental properties collected $250 million in October. Without that significant funding deal Austin's VC total would have been dismally down for the quarter."