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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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