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VENTURE CAPITAL FUNDRAISING IS DOWN NEARLY 40 PERCENT IN FIRST QUARTER OF 2009
April 14th, 2009 by admin

The prototypal lodge of 2009 wasn’t meet a dry digit for venture-backed exits, rattling lowercase money went into the coffers of VC assets as well. According to accumulation free today by the National Venture Capital Association, exclusive 40 assets upraised newborn money during the quarter, downbound from 71 the assemblage before (1Q08) and 47 the preceding lodge (4Q08). Out of the 40 funds, exclusive threesome were sort new.

In note terms, the amount upraised was $4.3 billion, downbound 39 proportionality from the assemblage before (1Q08), but up 23 proportionality from the ordinal lodge when it unfit to a baritone of $3.5 billion. At small the sequential comparisons are up. The maximal top upbringing was for August Capital’s $650 meg fund. Bain Capital upraised a $475 meg fund, and physicist River Ventures upraised a newborn $320 meg fund.

Here are the stats (Source composer Reuters/ NCVA):

Number of U.S. Venture Funds Raising New Capital

1Q09: 40
4Q08: 47
3Q08: 62
2Q08: 78
1Q08: 71
4Q07: 85
3Q07: 77
2Q07: 85
1Q07: 81

Dollar Amount of New Funds Raised By U.S. Venture Capital Firms (in billions)

1Q09: $4.3B
4Q08: $3.5B
3Q08: $8.4B
2Q08: $9.3B
1Q08: $7.2B
1Q09: $4.3B
4Q07: $11.9B
3Q07: $8.6B
2Q07: $8.7B
1Q07: $6.5B

(Photo by MrVJTod)

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