U.S.venture-backed valuations in 3Q'06 nearly double the size of last year; Median valuations in Europe also climb, according to Dow Jones VentureOne.

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M2 PRESSWIRE-30 November 2006-DOW JONES: U.S.venture-backed valuations in 3Q'06 nearly double the size of last year; Median valuations in Europe also climb, according to Dow Jones VentureOne(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:30112006 SAN FRANCISCOand LONDON - U.S. venture-capital backed companies are being valued almost twice as high as they were a year ago, according to the latest quarterly valuation report from Dow Jones VentureOne.

The median pre-money valuation of U.S.venture-backed companies reached $20.4 million in the third quarter of 2006, up from $11.8 million in the third quarter of 2005. The median this quarter represents a slight decline in valuations from the second quarter of 2006 ($21 million) which was the highest quarterly valuation...