The investment amount reflects the maturing of the first generation of nanotech startups that were founded earlier this decade, many of which raised large later stage rounds during 2005.
Nanotech funding hit $434.3 million for 2005, up 121 percent over the previous year's $196.4 million. The year's performance set a new record for nanotech funding, according to a Small Times analysis of the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association.* "
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