U.S. venture capital firms raised $10.3 billion for 74 funds in the second quarter of 2015, according to data released this morning by Thomson Reuters and the National Venture Capital Association. That makes it the strongest quarter for VC fundraising since before the financial crisis.
The dollar figure is a 27% bump over the year-earlier period, but an 11% drop in the number of funds. Or, put another way, fewer firms are raising more money than at the same time last year.
When compared to the first quarter of 2015, it was a 39% dollar increase and a 10% jump in the number of funds.
It also is worth noting that the Q2 2015 data includes 31 first-time funds, which is the highest such quarterly total since Q1 2014.
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