Venture Capital Opens Up for Financial IT Vendors
SPECIAL REPORT
LONDON--Venture capitalists globally are starting to invest in financial IT companies again, particularly those offering software to improve efficiency in the run-up to T+1.
According to corporate finance house First Stage Capital, $258 million was invested in financial services IT in the first four months of 2002, an increase of 34 percent from the same period last year.
At the same time, overall investment in technology companies is falling, says Jason Purcell, CEO of First Stage. "In the
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