Clean Technology Lifts Venture Funding to Highest in Two Years
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Venture capital funding in the second quarter jumped to the highest level in almost two years, as investors increased their bets on alternative energy and biotechnology.
Firms invested $6.52 billion in the U.S. during the period, a 53 percent increase from a year earlier and the most since the third quarter of 2008, the National Venture Capital Association and PricewaterhouseCoopers LLC said today in a report. The number of deals rose 29 percent to 906.