Venture-capital fundraising in the U.S. plummeted 35% in the first quarter of 2012 – but the industry is hoping investors are just taking a breather before they begin pledging more funds in earnest.
The total pot at the end of the quarter was $4.9 billion raised by 42 separate funds, including ones from Canaan Partners and
The new data from the National Venture Capital Assn. and
But the outlook isn't too gloomy. The $4.9 billion raised is still the third highest amount raised since the end of the recession.
The association last week found that California is a runaway leader in landing venture capital investment.
"Venture firms appear to be more optimistic about the fundraising environment," he said.