Venture-Backed IPOs on the Upswing

There is new data today from VentureOne on venture-backed IPOs and M&A. The upswing continues:

Thirteen (13) U.S. headquartered venture-backed companies completed initial public offerings (IPOs) in the first quarter, raising $1.20 billion, double the aggregate amount raised a year ago ($599.2 million), according to the Quarterly Liquidity Report from Dow Jones VentureOne. The number of IPOs held steady with the same number completed in the first quarter of 2006, although with seven technology IPOs, it was the most completed in a single quarter for the IT category since the third quarter of 2004.

[via VentureOne]