Venture Capital Investing Climbs to $4.73 Billion

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Venture capital investment increased to $4.73 billion in the first quarter from a year earlier, a sign of growing interest in startups that specialize in clean energy.

Firms invested in 681 deals during the quarter, the National Venture Capital Association and PricewaterhouseCoopers said in a report today. That’s an increase from $3.36 billion in the same period a year earlier, though lower than $5.18 billion in the fourth quarter of 2009.