Per the National Venture Capital Association, the numbers are not pretty:
25 Funds raised $1.7B, the lowest level since 1996 when 21 Funds raised $938mm.
Eight first time funds raised capital led by Domain Associated Management ($371mm and Andreessen Horwitz $300mm).
Here is the text of the release
If this is a sustained trend, no doubt it will affect the capital available for entrepreneurial companies and exacerbate the 'husbanding' of capital to support existing investments. Time will tell if the lowering of available capital creates a more holistic balance between a generation of capital efficient companies and the resources available to support them, or if we are destined to live in a feast n famine environment.