Venture capital poured into Utah in 2011

Venture capitalists stepped up their investments in Utah during the final quarter of 2011 in what is viewed as a positive sign of how investors see the future of the state’s economy and the companies based here.

During the fourth quarter of 2011, venture capitalists invested nearly $47.2 million in 15 Utah-based deals, or nearly 350 percent more than the $10.5 million they invested during the same quarter of the previous year when they funded nine deals.

By Steven Oberbeck

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