Venture fundraising raised $4.88 billion in the first quarter, the industry's third-highest tally since the recession ended, according to the National Venture Capital Association.
Forty-two U.S. venture funds were created in the first three months of the year, the NVCA said Monday. The amount raised was down 35 percent from the year-ago period, when 46 funds reeled in $7.56 billion.
Menlo Park's Andreessen Horowitz raised the biggest single fund in the quarter, bringing in $1.5 billion from its limited partners.
To read the full, original article click on this link: Venture capital funds' quarterly tally shy of 2011
