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Social media drives VC investments to USD1.4bn in 2011
Social media, entertainment and online shopping boosted VC investment in the consumer web industry to EUR1.1bn (USD1.4bn) in 2011, up 63% year over year, as hype surrounding the market continues to grow. Growth comes despite the total number of deals falling 6% to 223 in the period, according to new data from Dow Jones VentureSource, in the best year for investment since 2001. The sectors accounted for USD691m worth of VC investments, up 79% in value year over year although the number of deals dipped 8% to 192 deals.
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