Euro VC Fundraising Falls

Fundraising by European VC firms fell in 2006, according to Dow Jones VentureOne. Only 38 such firms raised fund capital last year, for a total take of around Euro 2.53 billion. This is off 32% from the Euro 3.74 billion raised by 56 funds in 2005. It is worth noting, however, that the 2006 figure was higher than were 2003 or 2004 tallies.