paidContent - Charts: Tech VC Spending Bounced Back In Q2

This story was written by Robert Andrews.

US venture funding recovered in Q2 after steadily declining since early 2008, according to Dow Jones VentureSource. Thirty-one percent more cash was invested ($5.27 billion) in 23 percent more firms (595) than the previous quarter; tech spending was up more slowly, by eight percent to $1.88 billion. But investment is still way under what it was a year ago.

European companies posted their worst quarter on record for attracting venture funding, and are still declining quarter-on-quarter. Q2 saw companies attract 47 percent less funding than the year before at $831 million (620 million). 156 deals were made compared with 272 previously.

By Robert Andrews