Paul Fisher has an excellent round-up of European seed and first rounds of VC investment from 2006. He reveals that more then £144 million was raised by 54 European Web 2.0 companies last year.

In his post, Paul points out the rapid growth in investment levels - in 2005, just £24 million was invested into Web 2.0 companies. That figure rose to £79 million in 2006.  

The top ten investments were:

  1. Wiggle - a sports retail site. £12 million invested by Isis.
  2. Fon - a Spanish wifi sharing site. £12.33 million invested by Sequoia , Google and Index.
  3. Viagogo - an online ticket exchange. £9.9 million invested by Index ventures and Atomico.
  4. Aggregator - a web TV service. £9 million invested by Amadeus , Intel Capital and 3i.
  5. Igglo - a Finnish real estate site. £8.51 million invested by Benchmark and Taivas.
  6. Bebo - the social network. £8.5 million invested by Benchmark Capital.
  7. Netvibes - a news aggregator. £8.17 million invested by Index Ventures and Accel Partners.
  8. WAYN - a travel social network. £5.5 million invested by Esprit and angels.
  9. WazUp -  an email service. £5.2 million invested by Innovacom & Wellington Partners.
  10. Dailymotion - a video sharing site. £4.77 million invested by Atlas Venture and Partech.

Index Ventures was the most active of the VCs in 2006, and Paul points out that a couple of trends, such as companies using third party web services as a platform, as with autoquake and auctioning4u, both of which help people sell on eBay.

For Paul's post, visit The coffee shops of Mayfair .
For a look at VC spending in the US, check out Read/WriteWeb

Graham Charlton

Published 24 January, 2007 by Graham Charlton

Graham Charlton is the former Editor-in-Chief at Econsultancy. Follow him on Twitter or connect via Linkedin or Google+

2565 more posts from this author

You might be interested in

Comments (0)

Save or Cancel

Enjoying this article?

Get more just like this, delivered to your inbox.

Keep up to date with the latest analysis, inspiration and learning from the Econsultancy blog with our free Digital Pulse newsletter. You will receive a hand-picked digest of the latest and greatest articles, as well as snippets of new market data, best practice guides and trends research.