The first three months of 2008 saw more venture investment into open source startups than any quarter ever, according to tech analyst company The 451 Group. Venture firms invested a total of $203.8 million into open source, up from $193.7 million in the fourth quarter of 2006, which was the previous record-holder.
We’ve noted repeatedly that heat seems to be rising in the open source market, and its increasing acceptance and popularityQ1 of 2008 saw more than twice as much investment as the same period in 2007, when open source fundings only totaled $100.4 million. (See chart to the left.) The 451 Group says it tracked a total of 20 fundings in the last three months.