Substance use management platform Pelago raises $58M
The company works with employers to offer substance abuse management as a benefit
Read more...Did you know that some analysts can tell the economy is doing better just by looking at the rise in traffic congestion? It makes sense: the more people with jobs, the more drivers on the highways. Those of us in the tech industry, however, like to look at a different sort of barometer: venture investments.
So far, things are looking up.
Venture capitalists invested $21.8 billion in 3,277 deals in 2010, an increase of 19 percent in dollars and a 12 percent rise in deals over the prior year, according to a MoneyTree Report released Friday by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA), based on data from Thomson Reuters.
Last quarter, investments totaled $5.0 billion in 765 deals, a 2 percent increase in dollars but a 3 percent decrease in deals from the third quarter, when $4.9 billion went into 789 deals.
Though it tallies venture funding across a wide variety of sectors, the report says the “greatest opportunities lie” in the Internet, software and clean technology industries.
The stats mark the first time since 2007 that the annual investment level has increased.
The company works with employers to offer substance abuse management as a benefit
Read more...The company added Trip Hofer, former CEO of Optum Behavioral Health Solutions, to it board
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Read more...Joined Vator on