Total investments in startups fell 9 percent to $6.67 billion from $7.34 billion a year ago. There were 913 deals completed in the second quarter, down 6 percent from last year's 970.
Funding for biotechnology companies and consumer products and services startups increased. The biggest category, software, saw a decline in the dollar amount invested as well as the number of deals completed.
The top deals, worth $150 million each, went to design marketplace Fab.com and biotech firm Precision for Medicine Inc.
The MoneyTree study released Friday was conducted by PriceWaterHouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.
MORE HBJ HEADLINES
Cyber Monday sales still on top, but losing some luster 1:09 p.m. How can people safely take control from a self-driving car? 1:09 p.m. Black Friday protests cost Chicago stores 25-50 percent of sales 3:01 p.m. Target.com goes down for an hour on Cyber Monday 1:11 p.m. Fed moves to bar bailouts of failing firms 1:11 p.m. Apple Music adds streaming for wireless Sonos speakers 1:10 p.m.
Our new comment system is not supported in IE 7. Please upgrade your browser here.