Early Stage Venture Capital Fundraising

by Kamarl Simpson

  • 04 Jul 2011
  • PE

Preqin’s Funds in Market product shows there are 127 early stage venture capital funds currently raising capital. These funds are collectively targeting USD 10.9 billion. 41% of these funds have already completed at least one interim close and aggregate commitments currently stand at just under USD 1.6 billion.

In terms of geographical fund focus, 55% of the current early stage investment vehicles in market predominantly target opportunities throughout North America, 22% primarily seek investment opportunities in Europe and the remaining 23% invest mainly across Asia and Rest of World.

Preqin’s data shows that from 2010 to present 74 early stage venture capital funds have reached final close, having raised USD 9.6 billion. Yunfeng Fund was amongst the significant funds that closed during this period. The investment vehicle closed on CNY 10 billion in January 2011. It primarily invests in early stage companies across a wide spectrum of industries, including telecoms, creative arts, media, technology, internet, new energy and consumer products sectors in China.

Summit Partners Venture Capital Fund III is a noteworthy vehicle that is currently in market. The fund is seeking USD 500 million for early stage investment in the US across a range of industries.

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