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More venture capital pours into Utah companies – Cash infusion is nearly three times that of a year ago

August 14, 2009 /

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Venture capitalists during this year’s second quarter were investing nearly three times more cash in Utah companies than they did when the recession was gaining momentum a year ago.

Some $93 million poured into those companies from April through June, according to the MoneyTree Report, a quarterly study of venture-capital investment. A year ago in the same period: just $36 million.

By Paul Beebe

The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_13055556