More Data Points to Uptick In Third Quarter Venture Funding
October 20, 2009 at 13:53 PM EDT
More venture dollars went into startups in the third quarter than the two previous quarters of the year, but was still down 33 percent from a year ago, according to the latest MoneyTree report put out by PricewaterhouseCoopers and the National Venture Capital Association. The report counts 657 venture deals worth a total of $4.8 billion, up 17 percent from the second quarter. We found a similar rise in venture dollars ( up 17.5 percent) in our third quarter TechCrunch Trends report. Although, we measured a higher dollar-volume of deals—$7.7 billion in aggregate venture funding across 645 funding rounds. (We also came out yesterday with a ranking of the top 25 most active VC firms ).