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Venture Investing Down in 2012

Software investing remained a brightspot, but sluggish biotech and cleantech investing pushed the total amount of venture capital committed in 2012 down 10 percent, the first decrease in three years, according to the annual MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA), based on data from Thomson Reuters.

Among the MoneyTree Report’s findings: A total of $26.5 billion went into 3,698 deals last year, which was a 6 percent decrease in deal volume.

Software investing, however, was at its highest level since 2001, rising 10 percent over 2011 to $8.3 billion. That was invested into 1,266 deals, an 8 percent rise in volume over the prior year, though the fourth quarter was flat.

Internet-specific companies actually saw 5 percent fewer dollars and deals, with $6.7 billion going into 976 rounds, but that was still the second highest level of Internet investment since 2001, the report said.

Read more: San Francisco Business Times –  Venture investing down in 2012