During the third quarter of the year, 343 companies raised a total of $1.8 billion in venture capital funding, according to a new report from venture capital database VentureDeal, which tracks
investments in the world of the Web, digital media, software and ecommerce. That's down 14% in total funding since the second quarter of the year, and down 6% in the number of companies funded. As
TechCrunch notes, "Three of the four sectors showed a decrease in funding
amounts and the number of companies funded." Only the Software sector showed an increase in funding amounts, jumping 19% in terms of actual investment amount.
The Internet sector registered a
dollar percentage decrease of 18% for a total of $774 million in venture capital funding for 167 companies. The Digital Media sector, which VentureDeal identifies as either video/casual game
developers or ad networks, saw total funding decrease quarter-over-quarter by 69% to $128 million, with 32 companies being funded, a decrease of 22% versus the previous quarter.
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