Venture capitalists invested $21.8bn in 3,277 US deals last year, according to accountants PricewaterhouseCoopers' MoneyTree data and local trade body the National Venture Capital Association.

Venture capitalists invested $21.8bn in 3,277 US deals last year, according to accountants PricewaterhouseCoopers’ MoneyTree data and local trade body the National Venture Capital Association. This was a 19% increase in dollars invested and a 12% increase in deals done compared to 2009 figures and the first increases since 2007.

The software industry regained its status as the single largest investment sector for the year, rising 20% to $4bn last year compared with 2009, while the medical device industry fell…

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