This is sort of good news: Dow Jones VentureSource says venture capital investment recovered somewhat from its dismal downturn at the beginning of the year.
Venture capitalists invested $5.27 billion in 595 deals during the second quarter of 2009. That’s way up from $4 billion in the first quarter, which was also the lowest quarter since 1998. But it’s still way down from the second quarter a year ago, $8.33 billion in Q2 of ’08.
The health-care industry is holding up the numbers: $2.23 billion on 184 deals was the first time on record that health-care investment outpaced information technology.
VC investment in IT deals, $1.88 billion on 284 deals, was slightly better than Q1 of 2009 but still very low, on a par with 1997 in money and 1995 in number of deals.
Software investment was $696 million, about half of the $1.42 billion in 2008. Energy and utilities investment fell to $317 million, less than a third of the $1.07 billion for the same period in 2008.
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