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VCs Raise Most Since Dot-Com Era But Are Slow to Spend It

  • U.S. venture capital funds brought in $41.6 billion in 2016
  • Meanwhile, startup investing, acquisitions and IPOs slowed
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Venture capital funds in the U.S. received the most money since the heady dot-com days, but they’re moving more cautiously as their investments are slow to realize returns.

The U.S. venture industry raised $41.6 billion last year, the highest since 2001, according to a report from research firm PitchBook Data and the National Venture Capital Association, a trade group. However, startup investing slowed last year, while the number of venture-backed businesses that were acquired or went public fell to the lowest level since 2010, the data showed.