A look at quarterly investment over the last couple of years.
(Credit: CB Insights)
Venture capitalists are ready and willing to spend cash, a new study from research firm CB Insights has found.
During the second quarter, $8.1 billion in cash was doled out to 812 companies, according to CB Insights. The figure is the "highest funding and deal totals since the dot-com days," according to CB Insights. The $8.1 billion represents a 37 percent gain on the first quarter, when VCs handed out $5.9 billion in cash, and a 5 percent gain on the second quarter of 2011's $7.7 billion in spending.
CB Insights believes Facebook's $1 billion acquisition of Instagram might have prompted such high spending. The company says that the mobile sector saw 102 deals -- its highest figure ever. In addition, companies operating in the mobile sector with a photo or video focus nabbed nearly 30 percent of the funding.
No comments:
Post a Comment