New York – Venture capitalists
invested $4.7 billion in U.S.
companies during the first quarter, up from $4.2 billion during the same period
in 2009, according to new figures released on Monday by Dow Jones

"The up tick in venture investments during the first quarter
of 2010 shows the industry is moving toward a slow recovery following the
economic downturn," said Jessica Canning, the global research director for
Dow Jones VentureSource.

"As the liquidity and fundraising environments
thaw, investors have more capital on hand but continue to deploy it

The figures also point to a continuing change in the
investment landscape.

The information technology industry accounted for just
32% of all deal flow during the period, extending a downward trend that started
in 2005.

Prior to then, IT regularly claimed the majority of deals. Services
industries have picked up much of the slack.


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