New England Has Become A Venture Capital Hotspot
BOSTON (CBS) - More than $1 billion in venture capital funding flowed into New England companies over the past three months.
That's a level not seen in a decade. New England companies attracted 15% of all the VC dollars invested across the country.
WBZ NewsRadio 1030's Anthony Silva reports
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Some 119 companies were funded, with most of the cash going to software, life sciences, alternative energy and internet companies.
But the largest deal in the country was the $165 million invested in CSN Stores, an established, Boston-based online retailer.
CSN Chairman Steven Conine says it was the right time to find investors.
