
…and software investment slowing
Published: 21 January 2008 09:03 GMT
IT venture capitalists are investing in clean-tech and internet-specific businesses, according to results of the 2007 MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association.
Green IT from A to Z
Click on the links below to find out more...
A is for Abroad
B is for Blades
C is for Carbon footprint
D is for Data centres
E is for Energy sources
F is for Freecycle
G is for Government
H is for Homeworking
I is for Ice caps
J is for Jobs (Steve)
K is for Kilowatts
L is for Landfill
M is for Mercury
N is for Nanogeneration
O is for Offsetting
P is for Paperless office
Q is for Queen
R is for Recycling
S is for SmartPlanet.com
T is for Travel
U is for Upgrade
V is for Virtualisation
W is for WEEE
X is for Xmas
Y is for You
Z is for Zero emissions
Clean-technology companies attracted $2.2bn in investments last year, a 47 per cent jump over the prior year. And the number of clean-tech deals rose by 58 per cent to 202 venture financings last year, compared with 2006.
Internet companies, which rely on a business model that is largely dependent on the internet, also attracted a substantial slice of venture funding last year, according to the report. This sector attracted $4.6bn in funding, accounting for a 12 per cent increase over the previous year.
But the software sector, which historically grabs the largest slice of venture funding, had a less than spectacular year in 2007. Funding levels for the software sector remained virtually flat, rising to $5.3bn with 905 deals, compared with $5.1bn for 920 deals in 2006.
Deepak Kamra, a venture capitalist with Canaan Partners, said: "Software is still the largest segment for funding, even though it is flattening out. Within software, software as a service and open source are doing well. Open source is a cheaper way for companies to develop applications."
Venture capitalists get their investment back through an IPO or sale of their portfolio company.
Kamra said: "The market was good for IPOs in 2007 but now we're concerned about the IPO market shutting down. Ultimately, the IPO market will come back."
Original article: U.S. venture funding up nearly 11 percent in 2007 from CNET News.com
A fantastic opportunity has come about for a Senior .NET Developer to join a global organisation with over 20 offices Worldwide. Reporting to the IT ...
You will be required to lead SAP architecture and strategy engagements in addition to playing a significant role in the shaping, sale and delivery ...
Java Technical Architect to join a major Software House based in Central London. Due to my clients continued growth with overseas clients and ...
CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.
Stories from the web...
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page
Steve Ranger Editor's Blog: Why we write about the iPhone Is it just because it's so shiny?
Siân Croxon Legal Eye: Trademark landmark Pricking O2's bubble…