Venture Capital Flow Remains Tight

Venture capital funding surged in Minnesota during the third quarter as investors continued to back medical device companies already in their portfolios, according to a report released Wednesday. Investments totaled nearly $96 million in the third quarter, compared with $34.7 million a year ago, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association, which uses data from Thomson Reuters. The majority of the state’s dollars went to medical device companies

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