Dow Jones Says Q1 2012 U.S. Venture Fundraising Up 5 Percent, NVCA Reports 35 Percent Decrease

Thanks to big raises from venture firms like Andreessen Horowitz, U.S. venture capital fund-raising increased to $7 billion across 47 funds in the first quarter of 2012, which is a 5% increase in capital raised and a 34% increase in fund closings from the same period last year according to Dow Jones. The report says that 23 early-stage funds raised $1.6 billion, which is a 35% increase in fund closings and nearly triple the amount of capital raised during the first quarter of last year. Dow Jones says that just three early-stage funds accounted for 79% of the total, and 12 funds targeting $50 million or less in fundraising held final closings during the first quarter.

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