Venture capital investments hit a three-year high last quarter, with 966 U.S.-based companies raising $7. billion, according to the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters. This represents an 18.7% increase over Q1 volume, and the highest quarterly dollar total since Q2 2008.
All stages of VC investment experienced growth, with both early and later-stage financings rising 24%. Software led all industry sectors with a 25% market share ($1.5 billion), followed by biotech ($1.2 billion), medical devices/equipment ($840 million) and IT services ($763 million). Of the 15 industry sectors tracked by MoneyTree, only six lost ground between Q1 and Q2. Read the whole article below.