Open-source venture investing hits an all-time high
Posted by: admin in Business and Politics
(Credit: The 451 Group)Just when you thought venture interest in open source was quieting down, along comes the biggest quarter in open source’s (still young) history: $203.75 million raised, as reported by The 451 Group. This trumped the previous record of $193.6 million from Q4 2006. There’s something about the end of the year that bodes well for open source…
Great news, no? Well, yes and no. as The 451 Group’s Matthew Aslett goes on to note, the quarter saw far more later-stage deals than early (seed and Series A) deals:
Even though the likes of Ringside Networks, Bluenog, and Engine Yard did prove there’s more to come in the future, the vast majority of the funding raised in the quarter went to more familiar names, such as Automattic, Greenplum, SugarCRM, and Pentaho.
Entries (RSS)