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Venture-capital spending slowed in the final quarter, but 2015 still stellar

Venture capital investment in the New York metro area slowed in the fourth quarter but the region recorded highest funding levels since 2000.

Venture capital spending nationwide plunged 32% in the fourth quarter, to $11.3 billion, compared to the prior quarter, according to a report released Friday. But 2015 was still the biggest year for VC investment since the dotcom era, clocking in at $58.8 billion.

Meanwhile in the New York area, total VC investment fell 16% to $1.58 billion in the quarter. Investments in companies like e-commerce startup Jet, used-car site Vroom and on-demand domestic services provider Handy contributed to that total.

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