VC Funding Up in Q2 ’12 From Previous Quarter

Venture capital firms invested $7.0 billion in 898 deals in the second quarter of 2012, rising above first-quarter levels of $6.0 billion and 809 deals. That’s according to the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters.

Investments still lag last year’s overall pace. “If funding levels in the second half of the year remain consistent with the first half of the year, VC investing in 2012 will fall short of the nearly $30 billion invested in 2011 but will exceed the $23 billion invested in 2010,” according to Tracy T. Lefteroff, global managing partner of venture capital at PwC US.