vc investment - Internet Marketing News and Blogs

Levels of VC investment in 'Web 2.0' companies doubled last year, according to figures released by Ernst & Young and Dow Jones VentureOne at this week's Web Ventures Conference in California.

The firms say $844m (£431m) was invested in Web 2.0 startups in 2006, compared to $406m (£206m) in 2005.

Paul Fisher has an excellent round-up of European seed and first rounds of VC investment from 2006. He reveals that more then £144 million was raised by 54 European Web 2.0 companies last year.

In his post, Paul points out the rapid growth in investment levels - in 2005, just £24 million was invested into Web 2.0 companies. That figure rose to £79 million in 2006.