Top Five Venture Capital Investments In 2010
The verdict is clear. Technology and IT sector continue to be an all time favourite of venture capital firms, if the list of top VC investments in 2010 is a pointer.
January 04, 2011 / 10:32 IST
The verdict is clear. Technology and IT sector continue to be an all time favourite of venture capital firms, if the list of top VC investments in 2010 is a pointer.
Two of the top five companies attracting venture capital funding raised money in their follow-on deals (Series C & D) and three of them were related to IT sector, according to data from VCCedge. All the big VC deals were in the USD 10-million plus range. Check out which firms raised the most and what makes them tick:-iYogi: Raising more money from existing investors is one thing and making shareholders cough up more in the same year twice is quite a feat. The remote consumer technology support company iYogi raised $30 million for its series-D round of funding, two weeks ago, led by Sequoia Capital India. Early this year, it had raised $15 million in series C funding from Draper Fisher Jurvetson (that also participated in latest round) earlier this year. The Gurgaon-headquartered firm that is planning an IPO in 2011 (that could even come up through a US listing) will use the new funds raised to expand services outside the existing consumer market and the Windows Operating System platform. Aryaka Networks: The US-based provider of the world
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