Venture Capital Shows Strong Turnaround in First Quarter of 2010
Data shows increase in both total dollars investment and number of deals
Close to $5 billion was invested and just over 680 transactions were completed by venture capitalists in the US during Q1 210, according to the MoneyTree Report from PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.
When looking at the data by industry sector, Life Sciences continue to dominate financing, accounting for about 28% of all dollars invested. The Cleantechnology sector was also strong, with $773 million in venture capital dollars captured in the first quarter of 2010; five of the top 10 deals in the same quarter were in Cleantechnology. The Money Tree report also noted six sectors experienced an increase in venture investments when compared to the last quarter, including Semiconductors, Industrial/Energy, and Electronics/Instrumentation.
