Venture capital fundraising activity dropped significantly in Q4, according to a report released Monday by Thomson Reuters and the National Venture Capital Association (NVCA). The report, which tracks the fundraising activity of venture capital firms, found that there was $3.4 billion in forty-three venture capital funds raised in Q4 of 2008, down from $8.4 billion in the prior quarter, and down significantly from the $11.7 billion raised in Q4 of 2007. The NVCA's Mark Heesen speculated in a statement that fundraising activity dropped because of market uncertainty, and because many venture capital firms have raised money in the last two years and are deploying those funds.
Top NewsTuesday, January 20, 2009
Venture Capital Fundraising Drops