Monday, September 17, 2007
SoCal Sees Web 2.0 Investment Increase
According to a new report released this morning by Dow Jones VentureOne, Southern California saw a "surge" in Web 2.0 venture capital deals in the first half of the year, with $59M invested in eight Web 2.0 deals, as investors put more than $464.2M globally in the sector. The report, released by Dow Jones VentureOne and Ernst & Young, found that investments in Southern California were approaching last year's total of $64M in 13 deals. According to the report, most of the deals so far in the U.S. have been around "Enterprise 2.0" companies using Web mashups and online collaboration to improve business. The Bay Area led the nation in deal count, with $91M in 25 deals, and New England had $102M in 12 deals.