Although the volume of investments declined in 2003, the average amount invested per company almost doubled from $4.3m in 2002 to $8.3m last year.
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The Associacão Brasileira de Capital de Risco, (The Brazilian Venture Capital Association,) was founded in 2000 with the objective of implementing the venture capital and private equity industry in Brazil for the benefit of investors, entrepreneurs, professionals and the economy as a whole.
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Brazilian private equity market survey