Green Innovations

Developing renewable and clean technology companies in New York

Thursday, May 27, 2010

Clean tech VC investments up 68% in 1Q10

Clean tech grabbed $773.3 million from venture capitalists in the first quarter of 2010, soaring 68 percent from the same period last year, according to Dow Jones VentureSource.  Clean tech firms did twice as many deals-72-in the quarter as last year.  The recovery for the sector is leading venture capital overall, which grew only 11 percent over last year’s numbers.  The largest number of clean tech deals were in seed and early stage companies, which accounted for 34 transactions and 49 percent of the total, marking the highest percentage since Q4 2008.