Venture capital fundraising increased in the second quarter, while fewer firms benefited from the money, according to a National Venture Capital Association and Thomson Reuters report on Monday.

Nationally, 37 funds raised $2.7 billion, versus 48 funds and $2.1 billion in the second quarter of 2010, the report said. This is the fewest number of funds since 1995. Also, Accel Partners accounted for about half the amount raised.

“The fact that the number of firms raising money successfully remains at such low levels confirms an ongoing contraction of the venture capital industry, which will serve well those funds that can obtain commitments – but that group is becoming more and more narrow,” association President Mark Heesen said.

Recent Austin fundraisings have included:


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