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April 12, 2012 | Tom Ballard

Venture funds raised nationally in first quarter down from last year

Venture funds raised $4.88 billion in the first quarter, the industry’s  third-highest tally since the recession ended, according to the National Venture  Capital Association, although the amount raised was down 35 percent from the  year-ago period, when 46 funds reeled in $7.56 billion.