Venture capital sends cash to Utah businesses. $40 Million here…$45 Million there. Pretty soon you’re talking about real money. $249 million in ’05. Now that’s economic development!!
Venture capital investment in Utah companies jumped by nearly one-third last year, reaching a five-year high of $249 million.
The significant increase in investment, outlined in PricewaterhouseCoopers’ MoneyTree Survey, demonstrates how much the size of venture-capital deals in Utah has grown in recent years, said Joe Strain, a PricewaterhouseCoopers spokesman.
The largest deal in 2005 was Amp Resources LLC in Draper, which received $45 million in the first quarter of the year, according to the report. The next largest was Omniture Inc. in Orem, which received $40 million in the second quarter.
By Lesley Mitchell
The Salt Lake Tribune
Full Story: http://www.sltrib.com/business/ci_3437978
Utah firms’ venture deals leapt 32% from ’04 to ’05 http://deseretnews.com/dn/view/0,1249,635179412,00.html
Montana Needs to Develop a More Robust and Active Funding Environment for Entrepreneurs and Startups http://www.matr.net/article-17845.html
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