VC Fund Raising Down, But Still Strong

December 28, 2001 ( - Venture capital fund raising is down 21% from last year's record-setting pace. Still, despite challenging economic times, 2001 is shaping up to be the third-largest year on record, according to a report by VentureWire.

In 2001, venture firms launched 200 new funds with total commitments of $55 billion. That included 15 funds with $1 billion or more each in committed capital, according to the report.

A year ago venture firms had launched 250 funds with commitments of $70 billion, including 18 funds of at least $1 billion each.

A major difference was the heightened interest in life science funds. Money raised for those type funds was up 320% to $4.2 billion in 2001, compared to $1 billion in 2000.


– Nevin Adams