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Last updated on Friday, May 11, 2012, 3:44 pm

More Money Available for In-State Startups

At the end of 2010, Acumen Holdings, an Internet retailer with headquarters in Fayetteville, received $5 million from the venture capitalists Noro-Moseley Partners of Atlanta. The deal marked the biggest venture capital investment in the state since 2002. In the first quarter of this year, Acumen received another $5 million from Noro-Moseley and other investors, according to a spokeswoman with the National Venture Capital Association of Arlington, Va., which tracks venture capital investments. The investments show an increase in startup funding activity as more venture capital firms are taking a look at companies in Arkansas, said Gene Eagle, vice president of development finance for the Arkansas Development Finance Authority. In addition to venture capitalists, Arkansas has state agencies... [ MORE ]

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