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Summary:

The fact that billions of venture dollars are flowing into cleantech on an annual basis isn’t a real shocker these days, but the latest report out from Thomson Financial and the National Venture Capital Association deserves some attention. The report says U.S. venture capital firms invested […]

The fact that billions of venture dollars are flowing into cleantech on an annual basis isn’t a real shocker these days, but the latest report out from Thomson Financial and the National Venture Capital Association deserves some attention. The report says U.S. venture capital firms invested $2.6 billion via 168 deals in the first three quarters of 2007. Once again it’s the “highest dollar volume ever,” exceeding the entire year of 2006.

The investment level is getting to be so high, they apparently felt the need to dampen enthusiasm a bit: “[I]nvesting in new technologies can be fraught with pitfalls and is not for the inexperienced or the faint of heart,” said NVCA president, Mark Heesen, in a canned press release comment. “[S]hort-term ‘tourists’ should steer clear.” Yes, leave it to the “experienced” investors who have already learned how to lose money in previous bubbles.

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By sector, solar took the cake, with 35 solar deals worth a total of $664.6 million. The U.S. company that had the largest investment during the nine-month period was cleaner coal company GreatPoint Energy (they call it Greenpoint in the release), which we’ve written about previously, with $115 million. The second-largest investment during the period was thin film solar company HelioVolt, which we covered here.
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Broken down by state, our own Cali is still topping the list, with 68 deals worth $726.2 million. Massachusett’s booming cleantech sector saw $292.6 million from 11 deals, and Texas took in $149.4 million of investment dollars from eight deals.
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Interestingly, this report says that while Draper Fisher Jurvetson had 14 deals worth $38.5 million, Khosla Ventures had 14 deals valued at $68.4 million, and Kleiner Perkins Caufield & Byers had 11 deals valued at $76.8 million. That’s different than the numbers quoted from the same source via PeHub.com yesterday, which we referenced. We’ll check out the differences on the venture firm’s deals and update the post.

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  1. that is a tech of a lot of money

  2. QuantaSol Concentrates on Solar Cells « Earth2Tech Friday, November 30, 2007

    [...] venture investment like bookies at the Belmont — 35 solar venture deals this year, for a total of $664.6 million. And the Valley has its fair share of well-known, well-funded solar firms. But where can you find [...]

  3. Earth2Tech » Blog Archive » QuantaSol Concentrates on Solar Cells Friday, November 30, 2007

    [...] venture investment like bookies at the Belmont — 35 solar venture deals this year, for a total of $664.6 million. And the Valley has its fair share of well-known, well-funded solar firms. But where can you find [...]

  4. Is the Learning Curve too Steep for Cleantech? « Earth2Tech Tuesday, December 4, 2007

    [...] does its obligatory “green of clean” article based off of last week’s news that U.S. venture capital firms invested $2.6 billion into cleantech so far this year. But the story does do a good job of pointing out the risky and [...]

  5. Earth2Tech » Blog Archive » Is the Learning Curve too Steep for Cleantech? Tuesday, December 4, 2007

    [...] Wall Street Journal does its obligatory “the green of clean” article based on the over $2 billion in clean venture investments. But the story does do a good job of pointing out the risky and uninformed nature of some of the [...]

  6. Earth2Tech’s Predictions for 2008 « Earth2Tech Tuesday, January 1, 2008

    [...] in 2008 — But So Will Valuations: Even more money? Yeah, that’s what it looks like; $2.6 billion was invested in the first three quarters of 2007 alone, and a survey by the National Venture Capital Association found that the majority of VCs [...]

  7. Peabody Takes Stake in GreatPoint Energy « Earth2Tech Friday, January 25, 2008

    [...] at 10:30 am in Startups “Clean coal” startup GreatPoint Energy, which had one of the largest venture investments in 2007 with $115 million, is getting funding from massive coal company Peabody Energy. A nod from the coal company that [...]

  8. 5 Questions for Vinod Khosla « Earth2Tech Wednesday, January 30, 2008

    [...] investing than Sun Microsystems founder turned venture capitalist Vinod Khosla. According to third party data Khosla Ventures invested between $60 million to $70 million into 14 cleantech start-ups in the [...]

  9. House Proposes $17.5B Energy Tax Package « Earth2Tech Thursday, February 14, 2008

    [...] it seems the Representatives have wised up and decided that legislation regulating an industry that received more than $2.6 billion in investments last year should last longer than 12 [...]

  10. GreatPoint Energy: Going Commercial, Grabs FutureGen Exec « Earth2Tech Wednesday, March 19, 2008

    [...] by Katie Fehrenbacher No Comments Posted March 19th, 2008 at 12:00 am in Startups One of the most well-funded cleantech startups in 2007, GreatPoint Energy, is using its more than $115 million in funding to tread a path toward [...]

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