Venture Funds See 9% Surge in First-Half Fundraising

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Venture Funds See 9% Surge in First-Half Fundraising

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https://www.wsj.com/articles/venture-funds-see-9-surge-in-first-half-fundraising-11562801207

Wealth managers flock to venture capital as interest rates remain low and more startups go public

U.S. venture-capital firms continued to bring in large cash hauls for new funds, as limited partners sought to gain positions in the next big technology giants.

Venture firms brought in $28.6 billion for the first half, up 9% from the first half of last year, and kept on pace to top the massive $56 billion raised in total last year, the highest annual amount since 2000, according to Dow Jones VentureSource, a data provider owned by WSJ Pro publisher Dow Jones & Co.

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