Venture Capital Investing in New England Jumps in First Quarter

Venture capital investing in New England hit a total of $1.02 billion during the most recent quarter, an increase over $799 million from last year's first quarter, and up from $815 million during the fourth quarter of 2005, according to statistics released on Tuesday by the National Venture Capital Association and Pricewaterhousecoopers. (The report is based on data from Thomson Financial.) Included in the New England venture capital deals during the first quarter this year were 45 IT businesses and 21 biotechnology businesses, which are nearly the same as the numbers from a year ago. Nationally, venture capitalists invested $5.6 billion in 761 deals during the most recent quarter, according to the MoneyTree Report, a 12% increase over the same time last year.

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