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Few Fla. firms got venture capital

Just 11 Florida companies got venture capital in the third quarter.

The weak economy does not help, as results show from the latest MoneyTree survey by PricewaterhouseCoopers and the National Venture Capital Association.

Florida companies took in only $54-million from venture investors in the third quarter. That's off 65 percent from the first quarter and one of its lowest totals this decade.

Florida fell to 17th among the states.

By comparison, top-ranked California posted more than $3.5-billion in the quarter, with 53 companies getting funds.

In the bay area, $500,100 went to Acclaris, Inc. of Tampa; $1.99-million to Skyway Software Inc. (known as Turtle Software, Inc.) of Tampa; and $2.33-million to Telovations Inc. of Tampa.

Few Fla. firms got venture capital 11/10/08 [Last modified: Thursday, November 4, 2010 9:29am]
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