NEW YORK — US companies posted double-digit increases in second-quarter venture capital investments from a year earlier, pushing funding to its highest level in 13 years.
Companies raised $13.8 billion from 917 venture capital deals during the quarter, a 21% increase from the first quarter and a 60% increase from a year earlier, according to a report from Dow Jones VentureSource. The average deal size was $6.25 million, a $1.75 million increase from the first quarter.
Equity financings 2011-2014. (Click here for a larger image.)
"The uptick in spending is likely due to a culmination of factors that have investors seeing more prospects, such as the healthier exit opportunities triggered by the IPO market opening up and a healthy M&A environment," VentureSource senior research manager Valerie Foo told EE Times.
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