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Venture Capital Funding Quarterly

Internet • Digital Media • eCommerce • Software

3rd Quarter, 2008 – United States

Published by: VentureDeal


During the third quarter, 350 companies raised $2.5 billion in venture capital funding in the aggregate, down 16% in number of companies funded and 14% less in total funding amount versus Q2 08.

The average funding round size increased from $7 million in Q2 to $7.14 million in Q3, an increase of 2%.

By sector, only the Digital Media sector showed gains, with the Internet, eCommerce and Software sectors showing declines in both the amounts funded and the number of companies funded.

Funding Activity


Internet sector company fundings continued to decline. The sector received $900 million in venture capital funding during the quarter, a 28% decrease in funding allocated among 143 companies - a reduction of 17% in the number of companies funded.

Notable transactions during the quarter were online conglomerate Active Network, which received $80 million for its series F funding round. Popular news networking site Digg raised $28.7 million in its third financing.

Wiki site PBwiki finally chose to raise venture capital, receiving $3.5 million from MDV-Mohr Davidow Ventures and others. The company provides an online wiki service to businesses and individuals and uses a tiered subscription pricing strategy.

A number of blogging related sites also received funding:

BlogHer $5 Million
BlogTalkRadio $4.6 Million
Scrapblog $2 Million
Silicon Alley Insider $Undisclosed

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