Open Source Blog

N.B. To clarify, the figure underneath the list of vendors is the total disclosed amount raised by those vendors to which the investor has contributed, not the amount invested by an individual investor.

1. Intel Capital – 13 deals
Silicon Navigator, Fonality, Black Duck (x2), Zend, SpikeSource (x2), WS02, Centeris, Collax, MySQL, CollabNet, SWSoft
- $138.9m

2. Accel – 9 deals
BitTorrent, XenSource (x2), Hyperic, Zimbra, Terracotta, Transera, Alfresco (x2)
- $110.3m

3. Kleiner Perkins Caufield & Byers – 6 deals
XenSource (x2), SpikeSource (x2), Levanta (x2)
- $81.3m

4. New Enterprise Associates – 6 deals
Pentaho (x2), Compiere, Sourcefire, SugarCRM, XenSource
- $75.27

5. General Catalyst Partners – 6 deals
Black Duck (x2), rPath (x2), Optaros, Laszlo
- $60.5

6. Walden (inc Walden International, Israel and VC) – 6 deals
Zend, Palamida, Levanta (x2), SugarCRM, Funambol
- $58.57

7. Fidelity Ventures – 5 deals
BlackDuck (x2), SpikeSource (x2), EnterpriseDB
- $80m

8. SAP Ventures – 5 deals
GroundWork, Black Duck (x2), Zend, MySQL
- $75m

9. Benchmark Capital – 5 deals
Hyperic, Zimbra, Terracotta, CollabNet, LucidEra
- $41.3

10. Doll Capital Management – 4 deals
BitTorrent (x2), PGP, JasperSoft
- $46.75

11. Index Ventures – 4 deals
Zend, SourceLabs, Pentaho (x2)
- $40m

12. Apax Partners – 4 deals
SolidDB, Levanta (x2), Transera
- $22m

13. Morgenthaler – 4 deals
MuleSource, Levanta (x2), JasperSoft
- $18.8m

As Augustin noted:

“A lot of firms already have their handful of open source deals. This creates an interesting dilemma for entrepreneurs. It becomes more difficult to get funding from the experienced open source investors because their portfolios already have several open source investments.”

Which isn’t to say that the VCs listed above won’t be making any open source investments in the near future. As Augustin notes “Of course I personally am a counter-example, being heavily invested in Open Source; So much for diversification!”