Q1 VC Fundraising: Down & Up
Forty U.S.-based venture capital firms raised just $4.3 billion in the first quarter of 2009, according to data released this morning by Thomson Reuters and the National Venture Capital Association. The downside is that this represents the lowest number of funds to raise capital since Q3 2003. The upside is that the actual amount of capital raised was higher than the $3.5 billion raised in Q4 2008 (slight solace, but solace nonetheless). Just three of the funds were first-timers, while the largest raiser was August Capital ($650m for Fund V). In a prepared statement, NVCA president Mark Heesen said: "First, the majority of venture firms are not actively fundraising at this time because they have either recently raised a fund
13 April 2009•1 min read
