Web 2.0 Companies Garner $262.3 Million in First Half of 2006, Gaining Ground in U.S. Venture Capital Investing
September 21st, 2006 by info
SAN FRANCISCO, Sept. 21, 2006 (PRIMEZONE) — The newest wave of Internet start-ups, dubbed Web 2.0, are gaining momentum at a substantial pace in the U.S. venture capital market this year. According to a new research study from Dow Jones VentureOne, the publisher of VentureSource, 49 Web 2.0 companies have been funded in the first half of 2006, garnering $262.3 million in equity capital. That compares to 51 deals and $199.1 million invested into similar companies in all of 2005, indicating activity is likely to double last year’s level.
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