Also Read | Covid curve slumping across IndiaThe number of sub-$500 million funds raised is on pace to fall 35% to 247 by year’s end compared with last year, according to a WSJ Pro analysis of data from PitchBook Data Inc.
and the National Venture Capital Association. Meanwhile, the number of funds that raised over $500 million is on pace to jump 96% compared with last year to 47.The shift is a departure from the past decade, during which each year small- and medium-size funds accounted for roughly half of the overall capital raised in the venture industry.
This year, those funds are on pace to account for only one-third of the industry’s total fundraising haul, according to PitchBook and NVCA.Although the year’s large initial public.