CTVN: Cleantech VC investments hit $933mm in Q3
Cleantech investments continue to show strength, with the Cleantech Venture Network's recently released estimates that $933mm was invested in the sector in the third quarter in North America.
Tellingly, more than half of the investment amount was into biofuels. This probably means that a small number of very big capacity-focused investments dominated the numbers. It will be interesting to see the number of deals that are represented when the data is available, and it would also be interesting to track median deal size and deals per quarter over time.
At this point the overall numbers are getting to be hard to compare quarter by quarter as the totals are increasingly dominated by just a handful of the total number of deals. For instance, the fact that energy investments made up $837mm of the $933mm total suggests that dealflow in other sectors such as water, materials, etc. may actually have declined from the previous quarter.
Regardless of the Q3 specifics, it's clear that 2006 remains a banner year for cleantech investing.
Other cleantech news:
Tellingly, more than half of the investment amount was into biofuels. This probably means that a small number of very big capacity-focused investments dominated the numbers. It will be interesting to see the number of deals that are represented when the data is available, and it would also be interesting to track median deal size and deals per quarter over time.
At this point the overall numbers are getting to be hard to compare quarter by quarter as the totals are increasingly dominated by just a handful of the total number of deals. For instance, the fact that energy investments made up $837mm of the $933mm total suggests that dealflow in other sectors such as water, materials, etc. may actually have declined from the previous quarter.
Regardless of the Q3 specifics, it's clear that 2006 remains a banner year for cleantech investing.
Other cleantech news:
- Orion Energy Systems announced they completed their Series C with a $500k investment by Custer Capital's Technology Transfer Venture Fund and Capvest Venture Fund. The round was originally led as announced earlier with a $4.5mm investment by Expansion Capital Partners (self-promotion alert).
- Altira has reportedly closed on $94mm for their next fund, according to PE Week Wire. The energy technology investment group counts Stanford, the Andrew W. Mellon Foundation and Park Street Capital among their LPs.
posted by Rob Day at 1:46 AM
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