The venture capitalist market felt the full brunt of the current economic apprehension, as 2009 was the worst year for funding in the past five.
Findings released Monday from a joint study by Thomson Reuters and the National Venture Capital Association revealed the tough reality for new businesses.
From Baltimore Business Journal:
For the full year 2009, venture capital fundraising from 120 funds totaled $15.2 billion, down 47 percent from 2008, when 223 funds raised $22.3 billion. In 2004, venture capital firms raised $19.15 million with 218 funds.
The Baltimore based New Enterprise Associates, and the California based Norwest Venture Partners were among the leaders in 2009, with NEA raising $2.5 billion for the year, and NVP collecting $1.2 billion in the fourth quarter alone.
The venture capitalist market felt the full brunt of the current economic apprehension, as 2009 was the worst year for funding in the past five.
Findings released Monday from a joint study by Thomson Reuters and the National Venture Capital Association revealed the tough reality for new businesses.
From Baltimore Business Journal:
For the full year 2009, venture capital fundraising from 120 funds totaled $15.2 billion, down 47 percent from 2008, when 223 funds raised $22.3 billion. In 2004, venture capital firms raised $19.15 million with 218 funds.
The Baltimore based New Enterprise Associates, and the California based Norwest Venture Partners were among the leaders in 2009, with NEA raising $2.5 billion for the year, and NVP collecting $1.2 billion in the fourth quarter alone.