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Utah venture deals hit $188 million

January 25, 2005 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Venture capital investments to Utah companies rose to $188 million in 2004, up 76 percent from $107 million in 2003, marking the first time investments surpassed pre-Internet bubble levels.

According to the MoneyTree Survey released Monday, there were 24 venture deals in Utah last year, up from 22 deals in 2003.

The state’s average deal size in 2004 reached $7.8 million, up from $4.8 million in 2003. The U.S. average deal in 2004 amounted to $7.3 million.

By Dave Anderton
Deseret Morning News

Full Story: http://deseretnews.com/dn/view/0,1249,600107016,00.html

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