A blog for the enterprise open source community
VC funding for OSS-related vendors up 11.5% in Q2Matthew Aslett, July 12, 2010 @ 7:00 am ET
Venture capital funding for open source software-related vendors increased 11.5% in the second quarter, the third consecutive quarter of positive growth following a 6% rise in 4Q09 and a 38% increase in 1Q10.
According to our preliminary figures, OSS-related vendors raise $141.7m in Q2, compared to $127.1m a year ago. There were 21 deals in the quarter and 20 with a disclosed deal size, the same as 2Q09, resulting in an average deal size of $7.1m in 2Q10, compared with $6.4m in 2Q09.
Early stage deals announced in the quarter included $5m for Karmasphere and $2.5m for Datameer, both building businesses around Hadoop, as well as $7.15m for Moodlerooms, $14m for Sencha, $4m for AlienVault and an additional $3.3m for Nuxeo.
The biggest round announced in the quarter was Eucalyptus’s $20m series B round, which was reported just hours before the end of the quarter, tipping the total into positive growth.
Total funding for the first half of the year stands at $231.2m, up from $191.7m in the first half of 2009. While it seems likely that we could see an overall improvement for the full year compared to 2010 we are sticking to our prediction of flat growth for the full year.
Add Comment Categories: Funding,Software