Software firms were biggest recipients of VC dollars in Q1

04/20/2012

Venture capital firms shelled out $5.8 billion in the first quarter of 2012, with software companies topping the list of industries for both total dollars received and number of deals funded, according to a joint report from PricewaterhouseCoopers and the National Venture Capital Association. Overall VC funding in Q1 declined 19% from Q4 2011 levels, however, with companies involved in Internet technology, semiconductors, IT services and even software all seeing a decline in investment.

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