The Canadian PressJanuary 17, 2014 11:46
NEW YORK, N.Y. - Funding for U.S. startups increased 20 per cent in the final three months of 2013 as venture capitalists poured more money into more deals, according to a report released Friday.
Startup investments totalled $8.37 billion in the October-December period, up from $6.95 billion in the fourth quarter of 2012. There were 1,077 deals completed in the quarter, up from 1,050 a year earlier. Software companies received the most money, with biotech a distant second.