SAN FRANCISCO Jan 7 U.S. venture-capital firms
raised $3.3 billion last quarter, down from $5.5 billion a year
earlier, marking a weak end to a strong year.
For the full year, venture-capital firms raised $20.57
billion, up 10 percent from 2011 and the strongest showing since
2008, according to data from ThomsonReuters and the National
Venture Capital Association.
Some 182 funds were raised over the year, the strongest
showing since 2008. For the quarter, 42 new funds were raised,
up slightly from 38 a year earlier.
The largest fund raised last quarter was Sequoia Capital's
$700 million growth fund.
In general, venture capital is consolidating into what NVCA
president Mark Heesen calls a "barbell structure," meaning funds
are large and invest across all sectors on one end - and small
and industry specific on the other end. Funds in the middle are
The fundraising numbers come days after the industry said
acquisitions and initial public offerings of companies it backed
were down last quarter.