Funding for startups fell 12 percent in the second quarter as venture capitalists poured less money into fewer deals than a year earlier. A total of 898 deals were completed, reaping $7 billion, according to a study due out Friday.
The tally in the April-June period was down from 1,057 deals and $8 billion a year earlier, according to the MoneyTree study, which was conducted by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters.
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