Silicon Valley contributed nicely to the solid 35% year-over-year gain for venture capital funding in the first quarter – but Boston did more than its share.
The San Francisco Bay Area was home to 190 deals in the first three months of the year totaling $2.24 billion, a 44% increase over the $1.56 billion on 180 deals a year ago, according to VentureSource data. While impressive, that lagged behind the Boston metro area, which posted $862.9 million on 71 deals in the quarter, a 71% increase compared to the $505.6 million on 60 deals one year ago.
Boston’s gains were pretty strong across the board, but especially in the health care and energy/utilities sectors. (Sample-size disclaimer: Boston had just three deals in the energy sector, but all of them were sizable, including Harvest Power Inc.’s $51.7 million financing.)
To read the full, original article click on this link: Which VC Region Had Best First Quarter? Not Silicon Valley - Venture Capital Dispatch - WSJ
