Venture Funding Doubled To $12.8 Billion In First Quarter
April 06, 2010 at 02:09 AM EDT
Venture capital is flowing once again to startups at a steady pace. During the first quarter of 2010, the total value of venture funding doubled to $12.8 billion from $6 billion a year before, when it was scraping the bottom of the barrel. However, the funding amount is down 16 percent from the $15.3 billion in the fourth quarter of last year, based on an analysis of CrunchBase data. Some of the venture rounds during the first quarter include Sonos (http://techcrunch.com/2010/03/12/sonos-confirms-25-million-investment-from-index-ventures/), betaworks ( $20 million ), Hunch ( $12 million ), and Posterous ( $4.4 million ).