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The Internet investment mania is spread to European, notes Paul Fisher, associate director with First Capital, a UK based VC firm. He has put together a list of seed and series A deals, and the amounts raised are already higher than 2005, he points out.
Some of the deals he notes are Netvibes, PageFlakes, Last.fm, DailyMotion, Fon, All Peers and Quintura. This is not a complete list by any means. vPod.tv for instance has raised over $5.1 million in Series A funding is missing from the list. Still, Fisher is right about the general trend. While Index Ventures, a London-based VC firm is one of the most active, Fisher’s list points to a sharp increase in investments from Benchmark Capital, Accel Partners and Sequoia Capital.
“Worryingly I also see a few directly competitive investments from competing VC firms… feels like 2000 again,” he writes. Hey Paul, we know the feeling!