Venture Capital Activity in New England Spikes Up in Fourth Quarter

The total amount of venture capital raised in New England during the fourth quarter of 2005 added up to $807 million, a 25% increase from the same period a year ago, and a 13% increase from the third quarter of 2005, according to the latest Ernst & Young/VentureOne Quarterly Venture Capital Report. Notable among the trends was an increase in the total amount of healthcare-related venture capital deals to $426 million in 2005's fourth quarter, a jump of more than 100% from a year ago. Total IT venture capital deals in the region fell to $303 million in the last quarter of 2005, down from $411 million a year before.

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