US venture-capital investment rose to US$29.4 billion in 2013, a 7% increase on the year before. According to a report by Price WaterhouseCoopers and the US National Venture Capital Association based on Thomson Reuters data, the jump was aided by a 27% rise in money ploughed into software firms compared with 2012. By contrast, investment in companies working on medical devices, energy or clean technologies all fell in 2013, with biotechnology rising slightly (see chart).
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