Just over $4B was invested in software deals by venture capitalists (VCs) during Q1, 2014, four times as much as biotechnology.
Software deals netted out 42% of all dollars invested in the first quarter of 2014, with biotechnology receiving 11%. VCs invested $816M in IT Services or 9% of all dollars, making this the third largest investment category. Interest in IT Services continues to accelerate, with dollars invested in this category increasing 33% compared to the prior quarter.
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