Venture Capital Investment In Clean Tech Companies Surges
Venture capitalists continued to demonstrate a healthy interest in clean-technology companies in the first half of this year, investing 70% more than in the comparable year-ago period, according to a report from Ernst & Young LLP and VentureOne.
US-based clean-tech companies received $893 million across 71 deals in the first half, up from $525.1 million invested in 49 deals in the year-ago first half, Dow Jones VentureWire reports (subscription required).
Clean-tech, while still a relatively small part of the VC pie, is seeing growth that far outpaces growth in overall VC investing. VCs invested $14.5 billion in all sectors through June 31, up 9% from $13.3 billion in the same period a year ago.
Clean-tech companies continue to see high valuations, with a pre-money median of $30.5 million, compared with $17.9 million for non-clean tech companies in the first half of the year. This disparity continues a trend seen in 2006.
The report is consistent with a prediction from E&Y posted earlier on Research Recap that Clean Tech was poised for a venture capital breakthrough. That prediction, included in Acceleration: Global Venture Capital Insights Report 2007, is available online at no charge from E&Y (registration required).
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October 8th, 2007 at 4:15 pm
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