Q2 venture financings reach $7.4 billion

"U.S. companies continued to attract significant venture capital investment in the second quarter, as venture financings reached $7.4 billion, a jump of 8 percent over the same period last year, according to the Quarterly Venture Capital Report released today by Ernst & Young LLP and Dow Jones VentureOne.
The quarterly deal count also rose 8 percent to reach 717 deals, the highest deal volume since 2001. "