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VC Funding for Open Source Rises Again in Q2

Jul 01, 2008, 16:30 (0 Talkback[s])
(Other stories by Matthew Aslett)

"VC funding levels rose again in the second quarter compared to last year, up just under 14% to $115.5m, compared to $101.5m in 2Q07. Given the overwhelming level of investment in open source vendors seen in the first quarter, it was always unlikely that level of momentum would continue into Q2. Total funding for the first half of the year to date stands at $321.3m, up 62% on the first half of 2007 just shy of the $328.5m raised in the whole of last year.

"As discussed on the recent podcast, there was a storming end to the quarter as Funambol raised $12.5m, rPath $10m, SpringSource $15m, Optaros $12m , and Neocleus (PDF) $11.4m, all in the space of nine days..."

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