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VC funding for OSS-related vendors in Q2Matthew Aslett, July 13, 2011 @ 11:52 am ET
Venture capital funding for open source software-related vendors declined 32% in the first quarter. According to our preliminary figures, OSS-related vendors raised $96.9m in Q2, compared to $141.5m a year ago.
There were 15 deals in the quarter, 14 with a disclosed deal size, resulting in an average deal size of $6.9m. That compared with 22 in total and 21 disclosed in 2Q10, and an average deal size of $6.7m.
Early stage deals announced in the quarter included $3m for MongoLab and Typesafe, as well as $5m for cfEngine, $5.5m for Bacula Systems, and $6m for SQLStream. Later stage deals included $6.5m for WS02, $9.25m for Datameer, and $20m for OpenX.
The biggest round announced in the quarter was Rockmelt’s $30m round led by Accel Partners, Khosla Ventures and existing investor Andreessen Horowitz. Without that deal, funding in the quarter would have been down considerably on the same quarter last year.
As for the year to date, $176.7m was raised in the first half of 2011, compared to $226.1 in the first half of 2010.
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