Venture capital firms pour $29.36 bln into US startups - Reuters
Venture capital firms ramped up their investments in the United States last year and last quarter, particularly in the red-hot software sector, according to a report from the National Venture Capital Association and consultancy PriceWaterhouseCoopers. For the year, venture firms invested US$29.36 billion in startups, a 7 percent increase over US$27.32 in 2013. For the quarter, they invested US$8.37 billion in startups, 20 percent more than the same time last year and more than any quarter since the end of 2007. Software was the big draw, taking in US$2.88 billion last quarter and US$10.96 billion for the year, more than any year since 2000, according to the report.
17 January 2014•1 min read
