VC Fundraising Collapses in 2009
Venture capital funds raised just $5.1 billion in the first half of 2009, according to data released this morning by Dow Jones. This represents a 63% drop from the same period last year, and is the slowest first half since 2003. The decrease was felt across sub-asset class. Early-stage firms raised $2.7 billion for 36 funds, compared to the $5.2 billion raised by 43 funds in the first half of 2008. Late-stage firms were off more than 53%, while multi-stage funds were down more than 68 percent. Expect these numbers to be largely mirrored in an upcoming report from the National Venture Capital Association and Thomson Reuters (publisher of peHUB). The overall first-half total
8 July 2009•1 min read
