Report: Web 2.0 Companies Gaining Momentum in Venture Capital Market

San Francisco -- The newest wave of Internet start-ups, dubbed Web 2.0, are gaining momentum at a substantial pace in the U.S. venture capital market, according to a new research study from San Francisco-based Dow Jones VentureOne. The firm said that 49 Web 2.0 companies have been funded in the first half of this year, raising a total of $262.3 million in equity capital. That compares with 51 deals and $199.1 million invested into similar companies in all of 2005. While the investment levels are growing, so far the data shows that Web 2.0 is a relatively small portion of the U.S. venture capital market, which saw $13 billion going to more than 1,200 companies in the first half of this year.
http://www.ventureone.com/
http://biz.yahoo.com/pz/060921/105548.html