VENTURE CAPITAL FUNDS RAISED $8.9 BILLION DURING FIRST QUARTER 2014 FOR STRONGEST FUNDRAISING QUARTER SINCE 2007
Number of New Funds Hit 14-Year High
New York, April 14, 2014 - U.S. venture capital firms raised $8.9 billion in new commitments from 58 funds during the first quarter of 2014, an increase of 81 percent compared to the level of dollar commitments raised during the fourth quarter of 2013 and a nine percent increase by number of funds, according to Thomson Reuters and the National Venture Capital Association (NVCA). The level of dollar commitments during the first quarter of 2014 more than doubled the comparable period in 2013 and marks the strongest quarter for venture capital fundraising, by dollars, since the fourth quarter of 2007 when $10.4 billion was raised for venture capital investments.
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