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US-based micro venture capital funds raise a record amount of capital in 2019

(Opalesque) US-based micro venture capital funds (sized at $100mn or less) had another record-breaking year in 2019, said a report. Managers of micro funds surpassed the $8.3bn raised in 2018 with $8.4bn secured through 282 fund closures, according to the report by Preqin and the First Republic.

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