Oct. 13 (Bloomberg) -- New York passed Massachusetts in U.S. venture-capital deals for the first time since at least 1999, ranking second in the latest quarter behind California, as investors seek growth in consumer Internet startups.
New York companies took in $831 million in 86 venture- capital deals in the third quarter, compared with $710 million for 83 investments in Massachusetts, according to a report released today by CB Insights, a venture-capital database. A total of 790 U.S. firms received $7.9 billion in the fourth straight quarter of venture investment growth.
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