Venture Capital
Tech Funding Slowdown Hits Venture Capital Firms
The number of venture funds that closed last year decreased 13 percent.
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Venture capital firms raised less money and closed fewer U.S. funds last year, according to data from the National Venture Capital Association, a trade association. With less capital to invest, the decline from 2014 could signal an even tighter funding environment for technology startups this year.
Venture capital decreased to $28.2 billion last year, from $31.1 billion in 2014, according to the report from the NVCA and Thomson Reuters. The 235 venture capital funds that closed in 2015 represent a 13 percent decline from 2014.