Cleantech VC investing tanks in Q2

According to a report out on Wednesday morning from Dow Jones VentureSource, with analysis by Ernst & Young, cleantech venture capital investing dropped 44 percent to $1.1 billion, compared to the same quarter a year ago. The number of cleantech VC deals were also down by 12 percent to 68 for the quarter. Similar numbers were reported by the Cleantech Group last month, which found that cleantech VC investing had dropped by a third in the second quarter compared to the same quarter last year.  The second quarter fall follows some mixed signals for cleantech VC investing from the first quarter of the year, but also some solid signs that cleantech investors have been pulling back on new investments. While the first quarter of the year produced an almost record amount of cleantech VC funding according to numbers from the Cleantech group, a deeper dive into those numbers revealed that the bulk of those fundings were follow-on rounds for capital-intensive companies like Miasole, BrightSource, Fisker Automotive, and Bloom Energy. However, Dow Jones VentureSource reported first quarter numbers more conservatively than the Cleantech Group, at actually 8 percent lower than today’s second-quarter numbers.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

AllEarth Renewables - The Solar Tracker

AllEarth Renewables - The Solar Tracker

Designed and manufactured in the U.S., the AllEarth Solar Tracker is a complete grid-tied, dual-axis solar electric system that produces up to 45% more electricity than fixed systems. The tracker uses GPS and wireless technology to follow the sun throughout the day for optimal energy production. It has an industry-leading 10 year warranty and 120 mph wind rating, superior snow shedding, and automatic high wind protection. Its simple, durable design and complete system pallet simplifies costly procurement and installation time. Contact us about becoming a dealer partner or purchasing an AllEarth Solar Tracker.