Cleantech had a record year in drawing in venture capital in 2010, with $7.8 billion invested globally, according to a new report from the Cleantech Group. The last half of 2010 saw two consecutive quarters of declines, however.
Overall, global investing totals saw a 28 percent increase compared to 2009, making it the highest year for investment after 2008 ($8.8 billion). The drawback in the last half of 2010 seems to reflect some skepticism among venture capitalists on capital-intensive investments that are risky and can take years to bear fruit. Instead, investors are looking more towards capital investments like energy efficiency. One company that has done well in that space is Opower, which recently raised $50 million in a round led by Accel and Kleiner Perkins.
To read the full, original article click on this link: Record $7.8 billion year for cleantech venture capital in 2010, but two quarters of decline | VentureBeat
Author: Iris Kuo
