MoneyTree^TM: Mixed momentum

The Biotechnology and Medical Devices industries saw venture capitalists invest a total of $1.5 billion in the first quarter of 2012. While Medical Device venture funding accelerated, it could not offset the slowdown in Biotechnology and the first quarter of 2012 decreased 22% from the fourth quarter of 2011. Deal volume was also down from the previous quarter, dropping 11% to 171 deals.