VC Investments Pick Up in Q2; Still Lag Well Behind '08 Levels

Authored by Mark Hefflinger on July 20, 2009 - 8:38am.

Washington - After a sizable decline in the first quarter, the U.S. venture capital industry showed signs of recovery last quarter as venture capitalists invested $5.27 billion, according to new data from Dow Jones VentureSource.

While still dramatically lower than the $8.33 billion a year ago, the figure is a 32% improvement over last quarter.

"As the venture capital industry's rebound gains traction, we're seeing a new landscape emerge," said Jessica Canning, the director of global research at Dow Jones VentureSource.

"Investors are diversifying their portfolios away from traditional investment areas like biopharmaceuticals and software toward segments like medical devices and information services while also pulling back on how much they are willing to invest in each deal."

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