Boston & NY combined see faster VC growth than Calif. in 2011


©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

Boston Business Journal 

First, the obvious news from the CB Insights venture capital funding report released Thursday: Massachusetts companies had a strong fourth quarter for raising venture funds ($959 million raised), leading to a pretty good 2011 as a whole for VC in the state.

The report points out that New York was only able to hold its VC funding lead over Massachusetts for one quarter, the third quarter, as Massachusetts sprang back to its typical second-place position in the fourth quarter (behind the Golden State).

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