Web 2.0 investors turn to Europe
Web 2.0
17 September 2007
The number of global Web 2.0 deals climbed by 14 per cent in the first half of 2007 and investors are showing increasing interest in the European market, according to new data.
A report by Dow Jones VentureOne and Ernst & Young has revealed that investors put a total of $464.2 million into 101 Web 2.0 deals worldwide in the first half of the year - the highest half-year figure on record for the sector, representing more than a seven per cent increase in Web 2.0 investments compared with the same period last year.
The data shows that $52 million of this was invested in 20 European Web 2.0 deals.
"Certainly, the blockbuster growth of Web 2.0 technologies has impacted every sector in the U.S. from media to retail to hospitality and consumer products," said Jessica Canning, director of global research for Dow Jones VentureOne.
"But we may be seeing a plateau in the number of Web 2.0 companies investors are willing to back in the US - at least until a clear liquidity market arises. In the meantime, more investors are turning to Web 2.0 plays in emerging markets in Europe."
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