Just a handful fewer venture funds raised money last year than in 2011, but the ones who came to invest did it up big time.
Commitments to 182 venture capital funds grew 10 percent during 2012 to reach $20.6 billion, according to data released today by Thomson Reuters and the National Venture Capital Association.
That’s up from $18.7 billion in 2011, but still shy of the $25.6 billion raised nationally in 2008.
The growth of the industry, in dollars anyway, doesn’t entirely solve the Series A crunch many experts are projecting to come this year. There are still far more seed-funded startups looking for cash than funds willing to provide it. But more dollars is a positive trend for an industry that has lagged since the economic recession took hold.
To read the full, original article click on this link: NVCA data shows fewer funds raised in 2012, but a 10 percent uptick in dollars
