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.
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.