Cleantech Investing: Two big cleantech fund closing announcements

Sunday, January 22, 2006

Two big cleantech fund closing announcements

RockPort Capital announced that they've closed their second fund at $261M. This builds off of their first fund of $125M, which was invested in 18 different companies, including many that have been mentioned on this site over the past year. A few weeks ago, PE Week Wire reported that the target for this new fund had been $250M.

PE Week Wire also reported on Friday (will provide link when available) that DFJ Element has made an interim close of $114M of a targeted $225M fund.

Congrats to both funds! It's very encouraging for the industry to see such LP interest in dedicated cleantech funds.

In one recent presentation I had the pleasure of attending, the speakers identified that there are about 60 VC funds now actively investing in cleantech.

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What is "cleantech"?

The term "cleantech" refers to technologies that:

- Use energy, water and other raw materials more efficiently and productively,

- Deliver equal or superior performance,

- Improve customer profitability, through cost reduction and/or increased revenues, and

- Create less waste or toxicity

...compared to incumbent technologies

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Cleantech Investing

Sunday, January 22, 2006

Two big cleantech fund closing announcements

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