Venture Capital Fundraising Q2 2008

Venture capital fundraising strengthened in the second quarter of 2008, with 71 funds raising $9.1 billion, a 3% increase from the same period in 2007. While the number of funds decreased by 14%, the total dollar amount raised was up. Follow-on funds outnumbered new funds by approximately 2 to 1. The top three largest funds raised were Lightspeed Venture Partners VIII ($800 million), Foundation Capital VI ($750 million), and Kleiner Perkins Caufield & Byers XIII ($700 million).