Posted on Wednesday, April 30th, 2008 at 1:22 pm
VC Funding for Open Source Hits an All-Time High
451 Group
The first quarter of 2008 was the most successful quarter in history in terms of open source vendors raising venture capital funding, with the amount raised hitting $203.75m, up from $100.40m in the same quarter of 2007.
Yes, it is 1 April, and no I’m not joking. Following the plunge in the fourth quarter of 2007, VC funding started 2008 on a high.
Here’s the stats run down:
o The amount of funding in 1Q08 just beat the previous record, of $193.7m, set in 4Q06.
o There were 20 open source funding deals announced in the quarter, beating the previous record of 17, set in 1Q05 and 4Q06.
o Of those 20 funding deals, 17 had a disclosed value, giving an average deal size of $11.99m.
o That is the second highest average deal size ever, behind the $13.84m recorded in 4Q06, when there were 14 deals with a disclosed deal value.
o In comparison, there were 11 deals with a disclosed value in the first quarter of 2007, giving an average deal size of $9.13m.
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