San Francisco — Clean technology
venture capital investments in North America, Europe, China and India
during the first quarter of 2010 totaled $1.9 billion — a record high —
according to statistics just released by The Cleantech Group and
the financial advisory and accounting firm Deloitte.
One hundred eighty companies in the clean technology and smart grid sectors obtained venture capital financing during the most recent quarter, with new transportation and energy efficiency being the largest two recipients of VC investment by sector, according to the report.
There were 13 initial public offerings of clean technology companies during the quarter, raising a total of $1.5 billion, which was a decrease from the $2.9 billion raised by clean technology firms in their initial public offerings during the fourth quarter of 2009. The largest single IPO of a clean technology business during the most recent quarter was that of Sensata Technologies, a Dutch producer of sensors and controls for solar panels and alternative fuel vehicles, which raised $569 million in its IPO on the New York Stock Exchange.
To read the full, original article click on this link: 1st Quarter Sees Record High Venture Capital Deals in Clean Tech
