New York – Venture capitalists invested $7.7 billion into
U.S.-based companies during the second quarter, the highest quarterly total
since the third quarter of 2008, according to new statistics released by Dow
Jones VentureSource.
"Fueled by investors’ need to keep current portfolio
companies funded and to begin investing from new funds, venture capital
financing had a strong quarter," said Jessica Canning, global research
director for Dow Jones VentureSource.
"Deal activity and capital invested
in venture-backed companies is once again near levels seen before the start of
the economic recession in 2008."
The quarter’s 744 VC deals was a 13% increase
from the prior year, while the capital invested rose 26%.
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