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Venture capital to local companies on the rise -Gazette.Net

By May 10, 2013No Comments
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Local businesses have seen needed venture capital and loans in greater abundance in recent months.

The amount of venture capital investment funneled to Montgomery County and Washington-area companies in 2013’s first quarter jumped by 30 percent from the same period a year ago, according to a recent report.

The $286.3 million invested in local companies in the first three months was the most in the quarter in five years, according to the report from PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data by Thomson Reuters.

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