VC Fundraising Q3 '08

Venture capital fundraising activity slowed in the third quarter of 2008, with 55 funds raising $8.1 billion, down 29% in the number of funds and 6% in dollars raised compared to the same period in 2007. Fewer firms are raising larger funds, with many raising over $500 million for industries like life sciences and clean technology. Despite turbulence in the markets, top venture firms continued to successfully raise funds as innovative companies sought funding.