PA in Top 5 for Venture Deals in 3rd Quarter
October 31, 2006
An article in the Pittsburgh Business Times notes that almost $60.9 million in venture capital was invested in nine Pittsburgh-area companies, helping to push Pennsylvania into the top 5 states in terms of deals for the 3rd Quarter of this year. Draper Triangle's investment in Plextronics made up a portion of that total. Local companies received the largest combined third-quarter infusion of venture capital in years, second only to the $70 million raised in 2001.
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