Friday, October 27, 2006

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:
  • 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.
Other news and notes: Intriguing, but why does this make me think of Ice-Nine?... Two new cleantech ETFs for public-market investors... Silicon shortage to end by 2008 (or not).


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