US VCs double Q1 fundraising to $8.9 bn

The National Venture Capital Association is reporting a big rebound in venture capital fundraising in the US market, recording the strongest quarter since Q4 2007. Venture capital funds raised $8.9 billion in Q1 2014, up more than 102 per cent from fundraising levels in Q1 2013. Fundraising jumped 81 per cent quarter-on-quarter — the fourth quarter of 2013 saw fundraising levels at $4.9 billion.

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