Business Services Industry
News: Venture capital up by 10 per cent.(PricewaterhouseCoopers)(Thomson Venture Economics)(National Venture Capital Association)(Brief Article)
Financial Times Mandate, May, 2004
Venture capitalists poured $4.6bn into 618 companies during the first three months of this year, according to the quarterly MoneyTree survey.
The figures represent a 10 per cent increase from the same time last year, when venture capitalists invested $4.2bn in start-ups.
The survey, compiled by PricewaterhouseCoopers (PwC), Thomson Venture Economics and the National Venture Capital Association, shows venture capitalists have committed between $4.2bn and $5.2bn in each of the past seven quarters, suggesting that the industry has recovered from the burst of the dot.com bubble.
Life sciences continue to outshine other industries with $1.3bn invested, or 27 per cent of all venture capital.
Tracy Lefteroff, global managing partner at...
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