You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Venture capital firms booming in Mass.

Amount raised locally triples; but nationally, the total declines

Massachusetts venture capital firms reaped a huge bounty of new money in 2013 as investors regained a level of confidence in the tech sector not seen since before the dotcom collapse.

Firms in Massachusetts raised $5.4 billion for new investments, more than triple the amount raised in 2012, according to numbers released Monday from Thomson Reuters and the National Venture Capital Association. In total, Massachusetts firms raised about one-third of all venture funding last year.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week