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Washington State ranks 4th in nation for venture capital investments
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Venture capitalists started the year at a brisk pace, investing $310 million in 29 startup companies in the state during the first three months. That is the biggest quarterly total — both in deals and money raised — in the past five years, according to a report to be released today by Dow Jones VentureOne and Ernst & Young.
The $310 million was more than triple what was raised in the first quarter of last year and nearly double fourth-quarter totals. Washington state ranked fourth nationally in terms of money raised and fifth in number of deals, signaling that Seattle’s emerging technology industry — while maybe not in a ’90s-style boom — is certainly on the verge of exploding.
By JOHN COOK
P-I REPORTER
Full Story: http://seattlepi.nwsource.com/business/267729_venture24.html
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