Global venture capital investment in Web 2.0 companies on the rise; Nearly US$850 million deployed to Web 2.0 deals in 2006, according to Ernst & Young/Dow Jones VentureOne data released at annual web ventures conference.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-21 March 2007-DOW JONES: Global venture capital investment in Web 2.0 companies on the rise; Nearly US$850 million deployed to Web 2.0 deals in 2006, according to Ernst & Young/Dow Jones VentureOne data released at annual web ventures conference(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:21032007 SAN FRANCISCO - Venture capitalists continued to favor the innovative activity of Web 2.0* companies, deploying substantial sums in the segment throughout 2006, according to the latest data released by Ernst & Young and Dow Jones VentureOne at the Web Ventures Conference in California.

The global research showed that US$844.4 million was directed into 167 deals last year, more than twice as much money and nearly twice as many deals as occurred in 2005....