9 Utah firms funded. High-tech trio lures more than half of Utah’s first-quarter investments
Venture capital funding to Utah companies fell to $60 million in this year’s first quarter from $90 million during the same quarter a year ago, according to the latest MoneyTree survey.
Nine Utah companies representing six industries received funding in this year’s first quarter, according to statistics scheduled for release today by Thomson Financial, PricewaterhouseCoopers and the National Venture Capital Association.
Control 4 Corp., a Salt Lake-based home automation company, led the quarter at $15.8 million in funding from Foundation Capital, Thomas Weisel Partners, vSpring Capital and Fraser Health Care and Technology Ventures and Co.
By Dave Anderton
Deseret Morning News
High-tech trio lures more than half of Utah’s first-quarter investments
MoneyTree Report: SliceX, Linux Networx and Control 4 claim bulk of $60 million
By Bob Mims
The Salt Lake Tribune
A high-tech automation company, a supercomputer maker and a semi-conductor designer combined to account for more than half of the $60 million in venture capital raised in the state during the first quarter.
The MoneyTree Report, released today by PricewaterhouseCoopers and the National Venture Capital Association, shows Control 4 Corp. led the way for Utah companies with $15.8 million in investments.
Full Story: http://www.sltrib.com/business/ci_3748075
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