Venture capital investment falls

Published Jan 19, 2013 at 04:00AM

Venture capital investments nationwide took a tumble last year as economic uncertainty created by the presidential election and contentious “fiscal cliff” negotiations caused some financiers to hold onto their checkbooks.

Investors funneled $26.5 billion to companies in 3,698 deals during 2012, a 10 percent drop in dollars and 6 percent decline in number of deals compared to the prior year, according to a report issued Friday by National Venture Capital Association and PricewaterhouseCoopers.

— From wire reports