Tuesday, October 24, 2006

Venture Capital Investment Up in 3rd Quarter

Venture capital funding in the United States rose 5.4 percent in the first nine months of this year compared with 2005, led by investments in alternative energy and Internet technologies, a survey released Monday said.
Venture capitalists invested $6.36 billion into 611 deals through the end of September, according to the survey, a quarterly report by Dow Jones VentureOne and Ernst & Young.
The report from VentureOne and a separate report from PriceWaterhouseCoopers and the National Venture Capital Association noted that this year’s third quarter marks the third consecutive period of more than 600 financings that have totaled more than $6 billion

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