venturesource

Report: Venture funding deals hit 11-year low

The venture capital industry took another big hit in the first quarter of the year, according to new data from Dow Jones VentureSource.

Venture capitalists invested just $3.90 billion in U.S. companies during the quarter, a 50 percent decline from the almost $7.78 billion invested during the same quarter last year, according to VentureSource. In terms of actual venture deals, 477 were completed, well below the 706 completed last year and the lowest quarterly deal total since 1996.

Hit particularly hard was the information technology industry, which saw its lowest level of investment since 1997, with $1.… Read more