Washington-area companies raised nearly $300 million in venture capital funding during the third quarter, putting the region on track to reach $1 billion in investments by the end of the year, according to recently released data from the National Venture Capital Association.
In all, 49 local companies raised $299.5 million during the third quarter, a 47 percent increase from the $204 million the region’s firms secured during the same period last year, according to PitchBook, a research company that provided the data for the association’s report.
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