30 May '13, 7pm

Q1 2013 Cleantech Venture Investments Hit Lowest Point in 4 Years

Q1 2013 Cleantech Venture Investments Hit Lowest Point in 4 Years

Venture investments in cleantech totaled $369 million in the first quarter of 2013, a 61 percent drop compared to the first quarter of 2012. The figures , released by PWC's cleantech practice, show that average deal size was down by 48 percent, first-time funding was down by 68 percent and follow-on funding decreased by 60 percent. "Cleantech funding in the first quarter was lower than any time in the past four years," wrote Tom Solazzo, the leader of PWC's cleantech practice, in the report. Smart grid and energy storage companies avoided the decline, bringing in $43 million in Q1 -- an increase of 21 percent over last year. Other sectors didn't fare as well. The transportation sector saw a 99 percent decline in funding (bringing in only $1 million), the solar sector saw an 87 percent decline (bringing in $25 million) and the alternative fuels sector saw an 84 percent decl...

Full article: http://www.greentechmedia.com/articles/read/q1-cleantech-...

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