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Start-ups saw big rise in funding during ’11

Biotech sector led way in region

By D.C. Denison

 |  Globe Staff  

  January 20, 2012

Investments by venture capitalists in new companies increased dramatically last year, both nationally and in New England, where biotechnology funding led a rebound in the final quarter of 2011. Venture capitalists invested $28.4 billion in 3,673 US deals in 2011, an increase of 22 percent in dollars and a 4 percent rise in the number of deal compared with the prior year, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data from Thomson Reuters.

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