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VC funding for OSS-related vendors in Q1Matthew Aslett, April 6, 2011 @ 5:14 am ET
Venture capital funding for open source software-related vendors declined 14% in the first quarter. According to our preliminary figures, OSS-related vendors raised $79.8m in Q1, compared to $92.5m a year ago.
There were 13 deals in the quarter, 12 with a disclosed deal size, resulting in an average deal size of $6.6m. That compared with 20 in total and 18 disclosed in 1Q10, and an average deal size of $5.1m.
Early stage deals announced in the quarter included $3.6m for Acunu and $3m for Clustercorp. Later stage deals included$16.5m for Boxee, $7.5m for Basho Technologies, $7m for Zend, and $6.1m for EnterpriseDB.
The biggest round announced in the quarter was Kaltura’s $20m round from new investors Nexus Venture Partners and Intel Capital, as well as existing investors .406 Ventures, Avalon Ventures, and technology lender Silicon Valley Bank.
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