New Mexico was named as the fastest growing region for venture capital investments, according to a report released Tuesday by the National Venture Capital Association (NVCA). The NVCA said in its report that there was a 650% increase in the number of companies, and a 375% increase in dollars in venture investments in New Mexico, over a 10 year period. Comparing investments in 1997 to 2007, New Mexico went from 3 investments to 21 investments, and from $27.03M to $128.26M in total dollars invested in the state. According to the report, which used data from the NVCA/PricewaterhouseCoopers MoneyTree report, the interest in New Mexico was fueled largely by interest in clean technology and alternative energy.
Top NewsTuesday, March 11, 2008
New Mexico Tops Fastest Growing Regions For VC