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Article: 45 Fairfax County Companies Win $297 Million in Venture Capital Funding During 2005; Annual MoneyTree(TM) Survey Shows 51.5 Percent Increase over 2004 Totals.
- Article from:
- Business Wire
- Article date:
- February 20, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FAIRFAX COUNTY, Va. -- Forty-five Fairfax County-based information technology companies received $296.94 million in venture capital investments in 2005, according to figures compiled by the Fairfax County Economic Development Authority (FCEDA) based on the recently released PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree(TM) Survey. The 2005 total is a 51.5 percent increase from the $196 million invested in 32 Fairfax County companies in 2004.
The 2005 total for Fairfax County companies represents 84.6 percent of the $351 million invested in Virginia companies during the year. The county total also represents 33.4 percent ...