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Boston Outduels Silicon Valley for VC Funding

In the first half of 2007, venture capitalists (VCs) invested $464.2 million in Web 2.0 startup companies, according to a report released by Dow Jones VentureOne.

While 25 Silicon Valley companies snared $91 million of that money, Boston-area companies beat that number handily, with 10 companies receiving $102 million. Cambridge startup n2N Commerce garnered the lion's share of this money, with $30 million of funding.

The VCs spread money around quite a bit, with companies in Southern California, the Pacific Northwest and overseas also receiving substantial amounts.

Are we due for a tech bubble again? Send me your thoughts at [email protected].

Posted by Peter Varhol on September 18, 2007


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