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Apr. 18, 2014 11:15 am

Majority of VC money invested in D.C. region in Q1 went to software firms

New data from The MoneyTree Report shows that VC firms poured $133 million of a total $217.5 million invested in the Washington, D.C., metropolitan region into software companies.

Software firms hit it big with venture capitalists to start off 2014.

New data from The MoneyTree Report shows that VC firms poured $133 million of a total $217.5 million invested in Q1 in the Washington, D.C., metropolitan region into software companies. And of that $133 million, $128 million went to just six companies, four of which were software firms.

The D.C. region represented in the report includes startups in Baltimore, edtech startup Citelighter and health IT startup WellDoc among them.

The report is from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters.

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Andrew Zaleski

Andrew Zaleski is a freelance journalist in Philadelphia and the former lead reporter for Technical.ly Baltimore. Before moving to Philadelphia in June 2014, he was a contributing writer to Baltimore City Paper and a Tech Check commentator for WYPR 88.1 FM, Baltimore city’s National Public Radio affiliate. He has written for The Atlantic, Outside, Richmond magazine, Washington City Paper, Baltimore magazine, Baltimore Style magazine, Next City, Grist.org, The Atlantic Cities, and elsewhere.

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