Arizona's venture capital scene fuels startup growth

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The last five to 10 years have been transformative in Arizona’s technology and startup spaces.

A short decade ago, startup investment in Arizona totaled a couple hundred thousand dollars. But venture capital investment in the state set a record in 2020 and nearly doubled investment totals in 2021, when the state saw $2.1 billion in total venture capital investment.

Arizona owes its rapid startup gains to a variety of funds and initiatives intended to encourage growth in local technology startups.…

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