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Cleantech VC funding up in Q3 – BloggingStocks

In cleantech, Energy, Environment, greentech, investment, maintech, Sustainable, Technology, Venture Capital on October 11, 2009 at 12:35 pm

Cleantech VC funding up in Q3

Posted Oct 2nd 2009 3:20PM by Tom JohansmeyerTom Johansmeyer RSS Feed

Venture capital investment in clean technology grew 10% from the second quarter to the third this year. According to a report by the Cleantech Group and Deloitte, 134 companies received investments of $1.59 billion – up from $1.2 billion in the second quarter. The sector’s upward trajectory continues, with last quarter marking the second in a row of double-digit growth. In the first quarter of 2009, venture capital investment in cleantech companies hit a low of $1 billion.

The strong third quarter has made the cleantech sector the largest in the venture capital business, according to the Cleantech Group, pulling ahead of biotech. Twenty-seven percent of venture capital funds invested in the second quarter of 2009 went to cleantech companies – up from 3% at the beginning of 2004.

via Cleantech VC funding up in Q3 – BloggingStocks.

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