Q2 Venture funding rises 26% to $7.7 bln

Bambi Francisco Roizen · July 17, 2010 · Short URL: https://vator.tv/n/10a8

Zynga, Groupon, Playdom top the list of biggest consumer Internet fundraisings

Here's a little encouraging news from the venture community.

Venture capitalists poured $7.7 billion into 744 startups in the second quarter of 2010, up 13% from the 656 deals that received funding from the same period a year ago, according to the latest stats from Dow Jones VentureSource.

It's also the highest dollar amount since the third quarter of 2008, right before the venture community went into a cave.

Later-stage investing picked up as 44% of the deals were later-stage companies, this is up from 39% of the number of deals in the same period a year ago. Seed- and early-stage startups accounted for 32% of deals, down from 35% in the second quarter last year. 

The Web-heavy of special interest, the web-heavy Consumer Information Services sector saw 92 deals raise $710 million.

The top deals in this category were Zynga, with $147 million raised in June, Groupon raised $135 million in April; Playdom raised $33 million in June; HauteLook raised $31 million in June; Xobni raised $16 million April; Hi5 Networks raised $14 million in late June; Hungry Machine raised $14 million in April; Blip Networks raised $10 million in May; 7 Star Entertainment raised $10 million in June and Beyond Oblivion raised $10 million in April.

(image source: wordstream.com)

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Bambi Francisco Roizen

Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.

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Xobni offers a new way to organize and search your Outlook email. Xobni creates profiles for each person that emails you. These profiles contain relationship statistics, contact information, social connections, threaded conversations, and shared attachments. Our users tell us that Xobni makes your inbox work the way your mind does.



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