Monday, July 23, 2007

VC Investing in Northeast U.S. Second Quarter Results

Total venture capital investing in all type of businesses in the Northeast during the most recent quarter rose to about $1.5 billion, up from about $1.3 billion for the same period last year, according to the latest Ernst & Young/Dow Jones VentureOne Quarterly Venture Capital Report, released on Monday. In the healthcare sector, investing took a bump up to $504 million during the quarter, compared to $440 million last year. The report puts the total number of investments in IT companies in the Northeast during the quarter at 87 deals -- up from 82 -- while the total amount of venture capital invested in the region's IT sector fell slightly to $638 million, down from $663 million.


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