Medical Device, Information Services Firms Drive Venture Investment

WEST ROXBURY, Mass. - Venture capitalists pumped a record $1 billion into U.S. medical device companies and nearly as much into information services providers last quarter, as total venture investing rose 8 percent, according to industry data released Monday.The $1 billion committed to developers of medical-devices therapies represented a 58 percent increase over the investment in second quarter of 2006. Meanwhile, investment in information services startups - including so-called Web 2.0 companies - jumped 52 percent to $979 million.

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