Venture capital in Arizona suffers

October 28, 2010

By hammersmith

[Soure: The Arizona Republic] – Arizona venture-capital investment was dismal during the most recent quarter, according to two reports, but experts caution against reading too much into the numbers because of similar declining numbers across the U.S. and region as well as funding that went unreported.

Just two companies in the state received financing during the third quarter for a total investment of $7 million, Dow Jones VentureSource said.

Another report, the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association, said $13.9 million was invested in three Arizona companies during the quarter.

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