Massachusetts had its best year to date for venture capital in 2011, beating the 2010 historic high, the head of the Massachusetts Biotechnology Council told attendees at its policy leadership breakfast in Boston Wednesday.
“We believe Mass.-based companies raised more than $1 billion in VC funding last year. Massachusetts companies are now getting one-quarter of all biotech venture dollars in the country,” said Robert Coughlin, president and CEO of MassBio. He said the council still is reviewing the numbers. MassBio supplied a written copy of his remarks to Mass High Tech.
A recent report by PricewaterhouseCoopers LLP and the National Venture Capital Association found that Massachusetts had $740.7 million in 91 deals in the fourth quarter of 2010, higher than the $541 million invested in last year’s comparable quarter, with the same number of deals.
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