An Interest In:
Web News this Week
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
July 11, 2011 04:38 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sa5Nmpb0E-s/
U.S. Venture Fundraising Up 20 Percent In First Half Of 2011
Dow Jones is reporting mixed numbers for venture fundraising this morning, releasing data that shows that capital raised for U.S. venture funds rose 20 percent over the same period a year ago, to $8.1 billion. But that stat comes with a caveat" the number of funds that held closings plummeted 38% to 50 funds. Seven firms were responsible for raising the bulk of the $8.1 billion, raising almost 80 percent of the total, or $6.3 billion. For basis of comparison, in the first half of 2010, 81 U.S. venture funds raised $6.8 billion.In the first half of 2011, a number of well-known VC firms closed significant funds. Bessemer closed a $1.6 billion fund, Sequoia closed a $1.3 billion fund, and Greylock added a $1 billion fund. In June, Accel closed two funds for a total of $1.35 billion in new capital. Andreessen Horowitz added a $200 million growth fund in April.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sa5Nmpb0E-s/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch