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July 30, 1997updated 05 Sep 2016 1:00pm

US VENTURE FUNDING HITS NEW HIGHS FOR Q2

By CBR Staff Writer

Venture capitalists have invested a whopping $3.1bn in 667 US companies during the second quarter of the year, according to research from Coopers & Lybrand LLP. The total was the highest ever and brought the first half 1997 total to a record $5.5bn. Companies in the information technology sector accounted for half of the quarter’s total investment and 45% of the investment in emerging growth companies, with internet-related firms taking 20% of the total.

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