Few Central Mass Firms Benefit During Venture Slump
The number of venture financing deals in New England fell to 325 last year from 360 the year before and investors spent $2.8 billion in the region compared to $3.5 billion, according to Dow Jones VentureSource.
Only four of the deals done in Massachusetts and published by VentureSource involved companies in Central Massachusetts. They were led by a $16 million investment in data storage firm ExaGrid Systems of Westborough.
Other Central Massachusetts companies to receive funding during the year were Harvest Automation of Groton, which received fist-round funding of $4 million and Acton Pharmaceuticals Inc. of Marlborough, which received $15 million in first round funding.
MTM Laboratories, a late stage drug development company based in Westborough, also received funding, but the amount was not published.
Nationwide, venture funding in 2009 was down 30 percent from 2008.
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