Photo: Flickr/AMagillNew York — Venture-backed companies in the U.S. netted more capital despite fewer exits during 2011, according to new figures from Dow Jones VentureSource.

For the year, 522 mergers, acquisitions, buyouts and initial public offerings (IPOs) netted $53.2 billion, marking a 14 percent drop in deal activity but a 26 percent increase in capital raised, compared with 2010 figures.

“Despite a slower acquisition pace capped with an uncharacteristic drop in deal activity in the fourth quarter, there are some positive signs heading into the new year,” said Jessica Canning, the global research director of Dow Jones VentureSource. “Acquisitions of companies liquidating their assets were halved in 2011 and companies are benefiting from lower start-up costs by taking capital farther toward a larger acquisition.”

This article was also published in Bay Area Tech Wire.

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