Venture capital investing in Massachusetts companies reached $1.14 billion in the second quarter of the year, easily surpassing the state?s best quarter for VC of 2010, according to a report released Thursday by industry tracker CB Insights. the state was bolstered by major deals for Boston-based CSN Stores ($165 million), Waltham-based TESARO inc. ($101 million) and Cambridge-based Radius Health inc. ($91 million). but along with a 59 percent widening in total dollars from the first quarter?s funding of $719 million, the Bay State also saw more deals, with 89 in the second quarter compared to 85 in the first. Healthcare accounted for 34 percent of the deals and 52 percent of the total dollars in the second quarter, according to CB Insights. Meanwhile, Internet companies took 27 percent of the deals and 24 percent of the dollars. Software, energy and mobile accounted for significantly smaller shares of the VC activity. the second-quarter VC investing in Massachusetts climbed well above the most recent high mark, set in the first quarter of 2010, when $898 million was invested across 87 deals in the state.
Venture capital Q2 investing hits high note in Mass.
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Source: http://www.business4noobs.com/venture-capital-q2-investing-hits-high-note-in-mass/
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