The San Francisco Chronicle reported that venture capital funding rose for the first time in four years in 2004. Venture investments totaled $20.41 billion last year, up 8 percent from 2003. While the total number of financing rounds fell by 1.2 percent to 2,067, the size of the investments rose increased from $18.91 billion in 2003 to $20.41 billion last year.
No surprise, most of the money went to information technology firms, which got $11.34 billion, but the biggest percentage increase was in health care, where startups got $6.58 billion, up 11 percent. This is another positive signal we’ve seen since the great dot-crash that things are rebounding.
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