Software Startups Reaped Lions Share of Venture Capital Investment in Fourth Quarter

By Peter Delevett

Maybe they should start calling it Software Valley.
Venture capitalists, who provide much of the funding that keeps startups growing, poured twice as much money into software companies in the last quarter of 2011 than into any other sector.

Venture firms nationwide put $1.8 billion into software, spreading the wealth among 238 deals. That was more than double the number of deals in the second-largest sector, biotechnology.

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