Venture capitalists invested the most in deals worth $50 million or more since the third quarter of 2001, pumping $5.9 billion into 736 deals in the first quarter of 2011, according to a MoneyTree Report released today by PricewaterhouseCoopers and the National Venture Capital Association.
Using data from Thomson Reuters, the study showed a spike of 5 percent in dollars invested and a 54 percent surge in later stage deals over the prior quarter, with almost all sectors showing double-digit gains.
The unwelcome news was that venture capital fell 11 percent in the number of deals made during the same period in 2010, when $5.6 billion was invested in 827 deals.Still, most of the stats are welcome news for an industry that had struggled at times in 2010 to prove it was no longer spooked by the credit crisis and was ready to jump back into the fray.
To read the full, original article click on this link: VC deal size grows in first quarter despite fewer deals made | VentureBeat
Author: Riley McDermid
