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Home > News > Venture Funding Starts Strongly

April 24th, 2007

Venture Funding Starts Strongly

Venture capitalists invested $42.7 million in five start-up Connecticut businesses during the first three months of 2007, with the greatest amount going to a nanotechnology company in Guilford, according to a new report.

RainDance Technologies Inc. received $23.6 million from three investors, including Pequot Capital Management of Westport. RainDance is developing a fluid-handling device for research laboratories that it plans to bring to market next year.


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