New Money Going To Venture Funds Down 31 Percent In First Quarter

Venture capital firms are having their own problems raising new money from limited partners. Capital inflows in the first quarter were down 31 percent annually to $3.6 billion in the U.S., according to the National Venture Capital Association . Venture funds were also down 11 percent from the fourth quarter. Only 32 funds were able to raise money in the first quarter, down from 44 last quarter and 57 a year ago. Only 5 new funds were launched, with the vast majority of the money going to established funds, including Battery Ventures and Oak Investment Partners. Both raised new $750 million funds.
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