Home VentureDeal Releases Reports on Q1 VC Funding: ECommerce and Wireless Tech Show Dramatic Increases

VentureDeal Releases Reports on Q1 VC Funding: ECommerce and Wireless Tech Show Dramatic Increases

According to reports by the venture capital database, VentureDeal, overall venture funding for Internet technologies in the first quarter of 2010 held steady compared to the last quarter of 2009.

These reports assess four sectors: alternative energy, biotech, telecom and wireless, and Internet and ecommerce. Of these areas, overall investment in biotech sector fell, while alternative energy and telecommunications startups received more funding than last quarter.

Overall VC Investment in Internet Tech Unchanged

VentureDeal reports that during the first quarter of 2010, 281 Internet, ecommerce and software companies raised $1.8 billion in venture capital funding in the aggregate, a number virtually unchanged when compared to Q4 of 2009. However, when looking at the ecommerce sector on its own, it demonstrated an increase of 156% in financing as compared to the previous quarter, reversing what was previously a downward trend. On the other hand, funding to digital media startups decreased by 55% to $167 million, with 35 companies being funded. Two of these companies – Ngmoco and YuMe – comprised almost a third of the total funding amount.

Telecom Investment Up, Mobile VC Investment More Than Doubles

Telecommunications, wireless, mobile and communications technology startups had previously been on a decreasing trend for money raised. But in the first quarter of 2010, these sectors raised $614 million in aggregate, an increase of 166% from the previous quarter. All four sectors posted increased quarterly results, with the wireless sector increasing the most, by 247% to $441 million in funding.

Although VC funding has been down in the last few quarters, the increase in some of these sectors seems to point to renewed willingness to invest and to increased opportunities for entrepreneurs. And while overall investment in Internet technologies is holding steady, in light of the economic downturn, “holding steady” might not be such a bad outcome.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.