Cleantech is the New Leader in VC Funding
In retrospect it seemed inevitable, but according to a new report by the Cleantech Group and Deloitte & Touche, cleantech has emerged as the number one sector in U.S. venture capital investment. This is a big deal...literally. The numbers are staggering--in Q3 2009 $1.59 billion was invested in 134 cleantech companies.
The report indicates that over the next few quarters cleantech is expected to stay on top of the investment heap (over IT and biotech). Reasons include investment risk mitagation in the form of government support through grants and loan guarantees and the "A123 Systems" halo effect--a monster IPO that gives VCs hope for lucrative cleantech exits.
Tags: cleantech, green financing, VCs
Posted by Mike Farber on October 1, 2009 at 4:28 PM
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