Money Is Still Gushing for Venture Capital Firms

The U.S. venture industry raised $73.8 billion last quarter, more money than in any other previously announced three-month period and more than the total for most full years.

The data, gathered by research firm PitchBook and the National Venture Capital Association, show that venture capitalists still have plenty of cash to keep bankrolling startups. That vote of confidence comes despite a shrinking market for initial public offerings, rising inflation and a war.