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U.S. Venture Capital Fundraising Grows 16% in Third Quarter

Authored by Mark Hefflinger on November 2, 2005 - 4:05am.
San Francisco - U.S. venture-capital fund raising grew 16% in the third quarter, compared with the previous year, according to new statistics from Dow Jones's VentureOne. All told, venture capital firms completed 27 funds worth $5.91 billion. Though the number of funds was about the same as a year ago, their average size grew considerably, continuing a recent trend. For instance, more than 30% of the funds that have closed so far this year have been in the $250-$499 million range, up from 20% of funds from last year. Another 5% are between $500-$999 million -- the most funds of that size completed since 2001. "Despite the larger funds, fund raising, of course, has yet to match the levels raised during the 1998 to 2001 timeframe," said John Gabbert, the vice president of worldwide research at VentureOne. "But we are seeing that the venture-capital industry has reached a level of sustainability, with venture investors closing funds at a close pace to the level they are investing."
http://www.ventureone.com

tags: U.S | Venture | Fundraising | Third Quarter |



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