As overall VC numbers leveled off in the second quarter, web apps and software continued to be sweet spots for investment through the first half of 2011.
According to data from Dow Jones, even as other sectors slumped, software, including downloadable and boxed applications as well as web-based apps, showed strong signs of recovery from the late-2008/2009 investment nosedive.
In combination, software and web apps companies raised $2.66 billion in a total of 281 deals.
The consumer information services sector includes social media web apps. This particular category received a larger amount of funding and a smaller number of deals year-over-year, raising 25% more capital than in Q2 2010.
To read the full, original article click on this link: Software & web apps boom in VC deals for Q2 2011 | VentureBeat
Author:Jolie O'Dell
