Venture capital deals rose 6.1% in 2Q

Aug 10, 2007 @ 10:02 am

By Brooke Southall

With early-stage investments showing new strength during the second quarter, venture capitalists reported the largest number of deals since 2001.

There were 977 deals, up 15.6% from the 856 funded in the first quarter of this year and up 6.1% from the 920 deals funded during the second quarter of 2006.

Venture capitalists invested $7.12 billion during the recent second quarter, according to statistics released last week by the National Venture Capital Association of Arlington, Va., PricewaterhouseCoopers LLP of New York and Thomson Financial, a New York unit of Stamford, Conn.-based Thomson Corp. The investments represented a 2.5% increase from the $6.9 billion invested during the second quarter of 2006, but a drop of 4.1% from the $7.43 billion invested in this year’s first quarter.

The results are solid and indicative of rising optimism, said Roland Van Der Meer, managing partner of ComVentures LP in Palo Alto, Calif., which has $1.5 billion of VC assets under management.

For the full report see the upcoming Aug. 13 issue of InvestmentNews.

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