Venture capitalists distributed $8.1 billion to startups in the second quarter, an increase over the previous three quarters, but down from a year ago, according to PitchBook.
The deal count also declined from the second quarter of last year, with 767 transactions compared with 1,200. That’s a 36% decline.
Compared with the first quarter of this year, the quarterly dollar total rose 12.5%, suggesting a rebound in sentiment among investors, even as fundraising remains tough.
The median deal size in the second quarter was $4 million and the median pre money valuation for the first six months of the year was $14.67 million, PitchBook said.
The second quarter saw an uptick in angel and seed investing from a year ago but a decline in early stage transactions, both in dollars and deal total.
The top investors over the first six months of 2013 by deal count were 500 Startups (63 deals), Andreessen Horowitz (45), SV Angel (34), First Round Capital (31), Google Ventures (31) and Y Combinator (31). New Enterprise Associates did 30 deals.
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