Wireless Sector Hot With VCs In Europe

VNUNet: The technology sector in Europe attracted $3 billion in venture capital in the first quarter of 2006, a notch down from $3.2 billion in the same quarter last year. Of this, the wireless technology sector attracted the most ($216 million) in the first three months of 2006, according to a report by Datamonitor. Its technology finance analyst Tom Jowitt said, “The wireless sector for the past four or five months has been a fairly consistent target for the VC community. We have been seeing a lot of investment going into content providers and even location-based services for mobile phones.”