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.
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.