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