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.
WBJ Web Partners
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