A gold rush in venture capital continued in the second quarter as an increasing number of funds—hoping to invest early in the next tech stars—plowed cash into more and more companies, according to a report issued by Dow Jones VentureSource.
Venture-capital firms made equity investments totaling $31.59 billion via 1,416 deals, the fourth-highest dollar figure to date, the report said. The amount of money raised was down slightly from the first quarter, but the number of deals climbed for the first time in years, increasing 7% from the prior period.
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