No venture capital funding for LI companies
Angel investors passed over Long Island companies in the past quarter, according to the MoneyTree report published by PricewaterhouseCoopers and the National Venture Capital Association. Credit: iStock
For the second quarter in a row, venture capital skipped over Long Island.
No Long Island companies received investments from venture capital firms in the last three months of 2012, according to the MoneyTree report published by PricewaterhouseCoopers and the National Venture Capital Association.
Some 107 companies in the New York metropolitan area, most in Manhattan, received $784 million in venture investments, representing a 10 percent increase over the same period in 2011.
For the year, three Long Island companies received around $8 million in venture investments -- all in the first half of 2012.
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