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State Doles Out New Round of Venture Money to CAPCO Funds

The Texas CAPCO program is distributing millions of dollars to venture capital firms:

The State of Texas last month began distributing a new round of $200 million in state-backed venture capital to nine firms aiming to invest it in early-stage Texas companies.

Texas is one of at least 10 states that uses so-called certified capital companies, or capcos, to foster business development.

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