Tuesday, March 18, 2008

Pacific Northwest Sees Increase In Web 2.0 Investments

Dow Jones VentureSource said today that Pacific Northwest, Web 2.0 venture investments grew to $140M and 13 deals in 2007, up from 6 deals and $35M in investments, as overall Web 2.0 investments in the U.S. grew to $1.34B. The data, released today, found that there were 178 Web 2.0 deals in the U.S. for 2007, up 88% in dollars over 2006. Dow Jones warned, however, that the Web 2.0 investment boom may be peaking, citing flat to negative growth in the San Francisco Bay Area, and results which were primarily bolstered by the $300M invested in social networking site Facebook.