Last Quarter Was the Single Best Quarter in History for Open Source Companies Raising Venture Capital

The last quarter was the single best quarter in history for open source companies raising venture capital according to the 451 Group.

The amount hit $203.75 million, up from $100.4 million year-over-year and after a really nasty downturn in the fourth quarter of ’07.

The previous record of $193.7 million was set in 4Q06.>/p>

The Q1 investment went into 20 start-ups, with the average size deal being worth roughly $12 million.

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