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Earlier this week, my co-worker Connie Loizos wrote about how VCs aren’t getting much love from institutional investors. In second quarter, 37 U.S.-based funds raised about $2.7 billion, according to the National Venture Capital Association and and Thomson Reuters (publisher of peHUB). That compared to 48 funds that collected about $2.1 billion for the same time period in 2010.
Worse, just 76 U.S.-based VC funds were raised in the first half of this year, marking the lowest number of funds garnering commitments since the first half of 1995, according to the NVCA.
From January to June, 76 funds raised $10.2 billion, compared to more than 90 funds that collected roughly $6.1 billion during the first half of 2010. That was a 67% increase in dollars, but a 15% decline by the number of funds from the first half of last year.
The large amount of capital raised this year was primarily due to a handful of firms raising very big funds. For example, in the second quarter Accel Partners raised a total of $1.35 billion for two separate funds, while Matrix Partners pulled in $650 million for two funds.
Will we continue to see fewer funds getting raised? Is this an aberration or is it the new normal? Take our poll and let us know.