Venture funding didn’t fall everywhere last year — despite taking a plunge in the United States, and in Europe too, VC investments outside the U.S. actually rose 5 percent in 2008, according to new data from Dow Jones VentureSource.
Of course, we’re talking about growth in areas where venture investment is still dwarfed by the U.S. The United States alone accounted for $28.8 billion invested in 2,550 deals, compared to $13.4 billion invested in 1,416 deals everywhere else. Also, most of these countries saw their venture funding drop in the final quarter of 2008, so they’re not immune to the financial crisis. Still, it reinforces the point that tech innovation and venture capital are becoming increasingly global, and may also show that investors share entrepreneurs’ confidence in overseas companies.
Here’s how it breaks down by country:
- In the United Kingdom, investment fell 24 percent to $1.9 billion.
- In France, investment dropped 29 percent to just over $1 billion.
- In China, investment increased 50 percent to $4.2 billion.
- In Israel, investment rose 19 percent to $1.9 billion.
- In India, investment rose 3 percent to $864 million.
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