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Hudson launches $130 million fund

Published on .

New York--Hudson Ventures, a VC firm that funds metropolitan New York area-based start-ups, is launching a new $130 million fund. The Hudson Venture Partners II L.P. will invest between $2 million and $5 million in each of its recipients, which will include b-to-b and business-to-consumer companies. Hudson's previous funds have invested in b-to-b companies including webMethods Inc. Its newest fund's launch-and the significant amount of money raised-indicates that despite ongoing market turmoil, institutional investors are still confident in New York's Silicon Alley.
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