Device companies finished off 2012 raising $1.1 billion in the fourth quarter (a 40% increase over Q3’s $801 million), capping off the year with a grand total of $4 billion in funding, falling just a hair short of the $4.1 billion that was amassed in 2011. Similar to last year, there was a strong showing from debt and late-stage venture capital financings across all four quarters. (See Exhibit 1.)
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