VC’s invest $7.4 billion in 990 deals in Q2 2008
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The National Venture Capital Association and PricewaterhouseCooper have released the MoneyTree Report for Q2 2008, a read of the VC industry investments and trends. Venture capitalists invested $7.4 billion in 990 deals in the second quarter of 2008. Quarterly investment activity was essentially flat compared to the first quarter of 2008 when $7.5 billion was invested in 977 deals.
Growth in the Clean Technology and Internet-Specific sectors contributed to the solid level of investing seen in the quarter. Industrial/Energy investments took the second spot for the first time with $1.2 billion.
With exit options still strained, the venture industry is now operating under the same long-term philosophy. Venture firms are prepared to invest for 5 to 10 years and plan to stick with their companies through difficult times.
In Q2 2008, Seventy–one venture capital funds raised $9.1 billion dollar according to Thomson Reuters and the National Venture Capital Association (NVCA). The number of funds raised in the second quarter of 2008 decreased by 14% from the same period in 2007 while the dollar value increased by 3%.
