Cleantech VC Investing Increased in Q3

09/11/2009 at 7:22 am Leave a comment

Cleantech Investing

Cleantech venture continued it’s recovery in Q3 of 2009.  The Q3 2009 total is up a further 10 percent compared to the previous quarter but down 42 percent compared to Q3 of 2008.  Not only has the sector maintained the momentum it picked up in the second fiscal quarter of this year, it has emerged as the No. 1 sector in the U.S. venture investing overall.  According to Cleantech Group – 27 percent of venture capital funds invested in the second quarter of 2009 went to cleantech companies – up from 3 percent at the beginning of 2004.

The greater part of investments (61 percent) were directed to companies that are currently shipping products – compared to just 37 percent for the same period in 2008.  According to Eric Wesoff’s (Greentech Media) tally, venture capital investments totaled $1.9 billion in 112 deals.  Of that, solar, biofuels and other fuels made up nearly $1.1 billion and 46 deals – once again dominating the scene.

“Continuing growth in cleantech investment in the third quarter reflects investor confidence in the commercialization of clean technologies,” says Joseph A. Muscat, Ernst & Young Americas director of cleantech. “The diversity in this quarter’s investment activity, in terms of the technologies receiving investment and the participating investors, illustrate the potential to create value through the development of a low-carbon economy.”

To read more about the rise in cleantech investments, click here.

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