NEW YORK, July 11, 2016 (GLOBE NEWSWIRE) -- U.S. venture capital firms raised $8.8 billion for 67 funds during the second quarter of 2016, according to the Fundraising Report by Thomson Reuters and the National Venture Capital Association (NVCA). The number of funds closed during the quarter was on par with the first quarter of this year, while dollar commitments registered a 37 percent decrease compared to the first quarter of 2016, which ranked as the strongest quarter for dollars raised by U.S. venture capital firms since the second quarter of 2006 when 79 funds raised $14.3 billion.
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