So far this year, venture-capital groups have raised $21 billion in 80 funds, according to Preqin, a research firm. That sum matches the total for 2009, gathered by 190 funds and $3 billion shy of that in 2010 (161 funds). Although this is encouraging news for the industry, the amount raised and the number of funds are still only half what they were before the financial crisis and significantly lower than in the dotcom boom. But social media and mobile technology—where some see a new bubble—have attracted recent waves of funding. In 2010, nearly a fifth of money raised was dedicated to IT and around a third to health care. Clean technology took 14% of capital investments in 2010, but this year its share has been only 6%.
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