Thursday, February 16, 2006

Kleiner Perkins to spend $100M on cleantech

Taking a clear interest in funding clean energy companies and making it official, Kleiner Perkins announced today that they have raised three funds totaling $900M, of which $100M has been earmarked for "greentech" (and $200M directed at pandemics, interestingly). In so doing, they become one of the highest-profile firms to officially set aside capital for funding cleantech firms -- although many of the best-known generalist firms are already also active in the space, of course. It's unclear if KPCB is going to look beyond energy tech in their cleantech investments, but that would seem likely.

Quote of the day, courtesy of John Doerr: "Greentech could be the largest economic opportunity of the 21st century."


Anonymous Anonymous said...

Every VC who is not in cleantech will be (tomorrow)...

1:43 AM  
Anonymous Anonymous said...

what is the best way for an individual to invest in cleantech or greentech through a VC or fund? Any recommendations?

9:24 AM  
Anonymous Anonymous said...

Well, there is the Powershares Clean Energy ETF (PBW), it is an index fund that tracks an index of companies involved in the Clean energy sector.

Very growthy.

11:51 PM  

Post a Comment

<< Home

Unique visitors to dateLocations of visitors to this page