Venture Capital Fundraising Activity Slows in 3Q 2007
U.S. Newswire, October, 2007
To: BUSINESS EDITORS
Contact: Emily Mendell, NVCA, 1-610-565-3904, emendell@nvca.org; Matthew Toole, Thomson Financial, 1-646-822-7560, matthew.toole@thomson.com; or Sandy Anglin, Thomson Financial, 1- 646-822-7334, sandy.anglin@thomson.com
NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Fifty-nine venture capital firms raised $6.0 billion dollars in the third quarter of 2007 according to Thomson Financial and the National Venture Capital Association (NVCA). This quarter's figures represented a decline in the number of funds and dollars raised from the second quarter of 2007 when 83 funds raised $9.0 billion. In the first three quarters of 2007, venture capital firms raised $20.7 billion or approximately 79 percent of the volume raised in the same period of 2006....
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