London, Tuesday, December 18, 2007 -- ARANCA NEWSTRACK – (aranca)
India, Republic of (Press Release) December 19, 2007 --
Venture capitalists have predicted an active year for the sector in 2008, with moderate growth in evidence despite the effects of the credit crunch.
Of the 170 US venture capitalists polled for the National Venture Capital Association (NVCA) 2008 Predictions Survey, 71 per cent said they expect venture investment levels to stand at between $20 billion and $29 billion.
The average forecast stood at $27 billion - on a par with 2007 levels - while 25 per cent said they expect venture capital investment to be in the range of $30 billion and $39 billion.
Especially strong levels of investment financing are expected in the clean technology sector, with 80 per cent of respondents saying they expect higher levels of investment next year.
Mark Heesen, president of the NVCA, said: "For venture capital firms, 2008 will be the year we begin to see larger funds raised at a faster pace, as many firms in the industry will focus on sectors that have increasing capital requirements such as life sciences and clean technology.
"These sectors will not be exclusively US-based, but have a world-wide platform which will require more time and more capital than ever before."
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Copyright 2007, Aranca. All Rights Reserved.
All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
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Of the 170 US venture capitalists polled for the National Venture Capital Association (NVCA) 2008 Predictions Survey, 71 per cent said they expect venture investment levels to stand at between $20 billion and $29 billion.
The average forecast stood at $27 billion - on a par with 2007 levels - while 25 per cent said they expect venture capital investment to be in the range of $30 billion and $39 billion.
Especially strong levels of investment financing are expected in the clean technology sector, with 80 per cent of respondents saying they expect higher levels of investment next year.
Mark Heesen, president of the NVCA, said: "For venture capital firms, 2008 will be the year we begin to see larger funds raised at a faster pace, as many firms in the industry will focus on sectors that have increasing capital requirements such as life sciences and clean technology.
"These sectors will not be exclusively US-based, but have a world-wide platform which will require more time and more capital than ever before."
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate@aranca.com.
Tel: +91.22.4005 2219 / +91.22.6725 8115
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