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January 31, 2008

VC funding for green to outpace Internet

A KPMG survey of VCs puts some meat on the notion that VCs are increasingly going green.

Twenty-four percent of respondents to the survey said the green tech, or clean tech, area will receive the most capital over the next two years, followed by biotech and pharmaceuticals, attracting 15 percent of respondents. Thirteen percent picked Internet services, and 11 percent said mobile technology.

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