Region Makes Strong Showing in Venture Funding
7/24/07 – Demonstrating the strength of the technology community in greater Los Angeles, the region once again made a strong showing in the Ernst & Young and Dow Jones VentureOne quarterly venture capital report.
Los Angeles was again second only to Silicon Valley in terms of VC financing, with $167 million raised in the second quarter in information services companies. In comparison, Silicon Valley pulled in $262 million. In all sectors, greater Los Angeles, which the report defined as Los Angeles, Santa Barbara and Ventura counties, received $459 million for the three-month period, up from $182 million last year.
