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This article was published on April 9, 2012

    In the US, 42 VC firms raised $4.9b in the first quarter, down from $7.6b last year

    In the US, 42 VC firms raised $4.9b in the first quarter, down from $7.6b last year Image by: Irina Tischenko
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Venture capital firms stateside are off to a particularly slow start of the year.

    According to data released by Thomson Reuters and the National Venture Capital Association (NVCA) this morning, 42 U.S. venture capital funds raised $4.9 billion in the first quarter of 2012, a significant 35 percent decrease in dollar commitments compared to Q1 2011, when 46 funds raised $7.6 billion.

    Of those 42 funds, 31 were follow-on funds and 11 were ‘new’.

    Almost 75 percent of total fundraising in the first quarter of this year came from the top five funds, as the number of funds raising money during Q1 fell to its lowest level since the third quarter of 2009 (also see table below).

    For your comparison: the third quarter of 2011 saw 65 funds raise money.

    Leading the first quarter’s VC fundraising was Andreessen Horowitz, which raised $1.5 billion for its third fund, the Silicon Valley firm’s largest to date.

    Canaan Partners and Bain Capital Ventures each raised $600m during Q1 2012.