Posted on Friday, April 6th, 2007 at 10:52 am
SAN MATEO, Calif. – Funding of “Web 2.0″ start-ups, the hottest segment in the venture capital market, more than doubled worldwide in 2006 to $844.4 million, researcher VentureOne said in a study published Tuesday.
The annual survey by VentureOne, a unit of Dow Jones & Co. and Ernst & Young, of Web 2.0 investment showed a 108 percent increase over the $406.2 million raised in the sector in 2005.
