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Summary:

As expected, cleantech venture capital investing in the first quarter of 2009 looks as bad as Ugly Betty, with none of the charm. According to the Cleantech Group, worldwide cleantech venture investment in the first quarter of this year was $1 billion, which is a drop […]

As expected, cleantech venture capital investing in the first quarter of 2009 looks as bad as Ugly Betty, with none of the charm. According to the Cleantech Group, worldwide cleantech venture investment in the first quarter of this year was $1 billion, which is a drop of 41 percent from the last quarter of 2008 and 48 percent from the same quarter a year ago. There wasn’t a single $100 million round, which the Cleantech Group calls “very unusual.”

In the barren quarter, solar came out on top with $346 million in funding — more than a third of all cleantech investment for the quarter. Biofuels brought in $96 million, advanced batteries delivered $94 million, and electric vehicles generated $78 million.

Of course, all this bad news comes before tens of billions from the stimulus funds, the budget and the energy bill start sprinkling loans and grants to eager firms. The federal government shouldn’t necessarily act as a green VC, but cleantech firms certainly need a helping hand in this environment.

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By Katie Fehrenbacher
  1. [...] to be available on BlackBerrys (NewTeeVee) AudioBoo, voice blogging for the iPhone (TheAppleBlog) Cleantech VC investing plummeted in the first quarter of ‘09 (Earth2Tech) iBooster line expanded to include BlackBerrys and more (jkOnTheRun) The [...]

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  2. [...] this capital-poor environment — the Cleantech Group reported earlier this week that first quarter venture investments fell 41 percent from the fourth quarter of 2008 — [...]

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  3. [...] No Comments Posted April 6th, 2009 at 12:28 pm in Big Green Despite the fact that cleantech investment fell off a cliff in the first quarter of the year, talk of the “seeds of revival” (i.e. investment) is [...]

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  4. I found your blog on google and read a few of your other posts. I just added you to my reader.

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  5. [...] many firms and startups were shaken after Q1 reports showed cleantech funding taking a 41 percent nosediv… since last year. The conspicuous absence of an investment round topping $100 million was not only [...]

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  6. [...] many firms and startups were shaken after Q1 reports showed cleantech funding taking a 41 percent nosediv… since last year. The conspicuous absence of any investment round topping $100 million was not only [...]

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  7. [...] no question that cleantech investments have plummeted, with research firms reporting a first-quarter drop of more than 40 percent from both the previous quarter and the year-ago [...]

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  8. [...] Cleantech Relatively Strong: Yes, the economy may have crippled cleantech investing in the first quarter of the year, but the cleantech sector will likely fair towards the top compared to other types of venture [...]

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  9. [...] venture investing overall in Europe dropped 35 percent in the first quarter (and numbers from other U.S.-focused venture capital reports are similar) investing in the energy and utility industries in Europe jumped up 82 percent to $289 million [...]

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  10. [...] Westervelt No Comments Posted May 29th, 2009 at 7:00 am in Energy When cleantech investing falls off a cliff, and the IPO curse isn’t expected to open up until 2010, what’s a cleantech investor to [...]

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