According to an NVCA and Thomson Reuters report issued this morning, U.S. venture capital firms raised $4.1 billion from 35 funds in the first quarter of 2013, an increase of 22 percent. But compared to Q4 2012, there is a 14 percent decrease by number of funds.

The actual number of funds raised during the first quarter of 2013 is a 34 percent decline from the number of funds raised last year and marks the slowest quarter for venture capital fundraising, by number of funds, since the third quarter of 2003. The top five venture capital funds (three from Massachusetts) accounted for 57 percent of total fundraising during the first quarter of 2013.

To read the full, original article click on this link: U.S. VC Fundraising Up 22 Percent To $4.1B In Q1 2013, But Number Of Funds Raised Down | TechCrunch