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Article: US Cleantech Venture Capital Continues to Gain Momentum in Q3 2009 With 46% Increase to $965 Million.
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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US venture capital (VC) investment in cleantech companies in Q3 2009 increased 46% compared to the prior quarter to $965 million in 50 financing rounds, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. This is the second consecutive quarter of growth in 2009 and the fifth-largest quarterly investment total on record. Compared to Q1 2009, quarterly investment has increased 182% in terms of capital and doubled in terms of financing rounds.
Continuing a trend that began in the first quarter of 09, the majority of investment dollars - 61% - in Q3 was directed to companies that are currently shipping products. In the first nine ...