Mo’ money, fewer funds: 182 U.S. VC firms raised $20.6 billion in 2012, most since 2008

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

The Next Web

According to a new report from Thomson Reuters and the National Venture Capital Association (NVCA), U.S. venture capital firms raised $20.6 billion from 182 funds during full year 2012.

That’s a nearly 3-percent drop by number of funds compared to full year 2011, and a much steeper 18-percent decline compared to 2008.

That said, the $20.6 billion raised in 2012 exceeds the total of capital raised by U.S. VC firms in the three years prior. Only 2008 saw $25,6 billion raised, but again, that was from way more funds – namely 215.

Compared to full year 2011, the increase by dollar commitments was roughly 9 percent.

2008: 215 funds raised $25,577.2 (in millions)
2009: 162 funds raised $16,187.9 (in millions)
2010: 176 funds raised $13,669.8 (in millions)
2011: 187 funds raised $18,745.7 (in millions)
2012: 182 funds raised $20,569.9 (in millions)

There were 127 follow-on funds and 55 ‘new’ funds raised during the full year 2012. The report’s sample excludes fund of funds.

During the fourth quarter of 2012, 42 U.S. venture capital funds raised $3.3 billion, a 35-percent decrease by dollar commitments and a 25-percent drop by number of funds compared to the third quarter of 2012, which saw 56 funds raise $5.1 billion during the period.

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