In a land where Information Technology rules—Bill Gates its King, Microsoft the empire—it doesn’t come as a surprise that the industry consistently takes the lion’s share of Washington state’s VC investments. In 2013, however, that trend just may change. According to the PitchBook Platform, VC investors have invested a total of $2.57 billion in companies headquartered in Washington since the beginning of 2010, 43% of which was infused into the IT space. The Evergreen State’s IT sector owned the largest share of the deal flow each year from 2010 to 2012, but so far this year it’s the Healthcare industry that has been shining—accounting for nearly 40% of the total capital invested in 2013 to date, compared to 31% for IT.
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