U.S. venture capital firms invested $13 billion in 1,114 deals in the second quarter, a 34% increase in capital invested from the first quarter and up 81% from the second quarter of 2013, The MoneyTree Report shows.
The number of venture capital deals also increased by 13% from the first quarter and up 11% from the second quarter of 2013.
The fastest-growing sector by far was software, which accounted for $6.1 billion of capital in 454 deals in the second quarter, surpassing the $4 billion invested in 423 transactions in the first quarter and the $2.3 billion in 368 software deals in the second quarter of last year. The boost was partially attributed to the $1.2 billion invested in San Francisco-based Uber Technologies Inc. by a group of venture capital firms that included Kleiner Perkins Caufield & Byers and Summit Partners.
The MoneyTree Report is released by trade group National Venture Capital Association and PricewaterhouseCoopers based on data from Thomson Reuters.
Dow Jones' Venture Source also released its venture capital report, showing $13.8 billion of venture capital investment in 917 deals in the second quarter, a 21% increase in capital and 4% rise in number of transactions from the previous quarter, and a 60% increase from the amount invested in the second quarter of 2013 but a 2% decline in the number of deals.
