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Clean-Tech Venture Capital Jumps 54% in First Quarter 2011
Posted By Laura K. Cowan On May 2, 2011 @ 3:12 pm In clean tech,green technology,Renewable Energy,Solar Power | 2 Comments
There’s no doubt about it, Silicon Vally is in another bubble , and this time, clean tech  is getting its piece of the pie. Clean-tech venture capital  funding jumped 54% in the first quarter of 2011, with $1.1 billion pouring into green companies  compared with $743.3 million in the first quarter of 2010. But the number of deals fell from 79 to 69, which means more money is being focused on fewer companies.
Could it be that investors are already to the point of weeding out the impractical ideas and funding promising green tech ventures? That would be exciting news for the energy industry  in particular, which has struggled to pull itself into the green economy. Not all the funds are going to California: 30 deals were based in California, but 7 went to Massachusetts with a mix of other states bringing up the rear. Energy generation, energy storage, and natural gas ventures were the leaders in the new boom.
Via LA Times Greenspace 
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URL to article: http://inhabitat.com/clean-tech-venture-capital-jumps-54-in-first-quarter-2011/
URLs in this post:
 Image: http://inhabitat.com/clean-tech-venture-capital-jumps-54-in-first-quarter-2011/solarhotwater-ed01-2/
 another bubble: http://steveblank.com/2011/03/18/new-rules-for-the-new-bubble/
 clean tech: http://inhabitat.com/index.php?s=clean+tech
 venture capital: http://inhabitat.com/index.php?s=venture+capital
 green companies: http://inhabitat.com/index.php?s=green+companies
 Image: http://inhabitat.com/clean-tech-venture-capital-jumps-54-in-first-quarter-2011/solar-panel-1/
 energy industry: http://inhabitat.com/index.php?s=energy+industry
 LA Times Greenspace: http://latimesblogs.latimes.com/greenspace/2011/05/cleantech-venture-capital-jumps-54-q1.html
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