Monday, January 23, 2006

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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