(Reuters) - Venture capital firms raised $4.98 billion dollars last quarter, the National Venture Capital Association and Thomson Reuters said on Tuesday, accelerating a trend in venture capital where funds are heading to extremes in size.
The dollar amount represented a doubling of the $2.17 billion raised in the year-earlier period, but a shrinking in the number of funds, to 53 from 66.
The bulk of the cash was raised by a handful of venture firms amassing outsized funds. Sequoia Capital raised $950 million last quarter, while GGV Capital raised $524 million. New Enterprise Associates raised $524 million last quarter, part of its $2.6 billion NEA XIV.
To read the full, original article click on this link: Venture funds raise nearly $5 billion last quarter | Reuters
