Rebound in VC Cleantech Investment
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Jonathan Ortmans, President, Public Forum Institute
In the second quarter of 2009, VC investment in cleantech companies reached $572 million, an increase of 73% in terms of capital, with 48 financing rounds, a 100% increase in number of transactions compared to the first quarter of this year, according to an Ernst & Young LLP analysis. This quarterly uptick in VC cleantech investment was led by the Energy/Electricity Generation category. Within this category, solar deals received the largest share of capital.
Compared to a year ago, the new results were 59% and 16% below in terms of capital and number of transactions, respectively. For more trends, click here.
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