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The Boston Globe


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.

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