More Q2 numbers

PWC Moneytree/ NVCA and VentureSource both released their Q2 venture capital tallies over the weekend.  The picture they presented matched well with the results that came out earlier from the Cleantech Group and Greentech Media.

As always, these groups (because they’re looking broadly across sectors and not just looking to be inclusive about what’s clean or green tech) come up with lower numbers than Cleantech Group or GTM.  The Moneytree total for U.S. cleantech VC in Q2 was $883.6mm into 65 deals (note: link opens pdf), and the VentureSource total was $817mm into 32 deals for the “energy and utilities” sector—including $650mm in 26 renewable energy deals—versus the Cleantech Group’s $1.49B U.S. total.

Despite continued growth, the Moneytree cleantech total would put the sector at still less than one-eighth of all VC investments in the U.S.

Both the Moneytree and VentureSource survey results showed record quarters in terms of total dollars, but as driven by big deals.  While they don’t break down the stage question for cleantech in particular in their releases, in terms of venture capital overall the two surveys both noted that later stage investing is continuing to grow, while early stage VC remains fairly steady (so the Moneytree write-up talks about early stage declining as a percentage of dollars, while the VentureSource write-up talks about how early stage remains “fairly steady”...).

Perhaps the most telling thing is that the Moneytree survey write-up noted that Thomson Reuters had had to change their definition of cleantech to provide “greater precision and scope”—in other words, cleantech is now mainstream enough that they needed to tighten up their definitions and give it more emphasis.  Thus, they revised their Q1 totals up from $625mm and 44 deals (note: link opens pdf) to $871mm and 60 deals.  Will VentureSource follow suit?

Deals from the past couple of days:

• Carbonetworks, a provider of software to help companies manage their carbon-related activities, raised a $5mm Series A led by NGEN Partners.

• HaloSource, a bromine-based water purification startup, raised an $11.5mm (Series D?) round of financing from new investors Origo Sino-India and Origo Resource Partners Limited, as well as existing investors including Physic Ventures.  It’s unclear if previous investors Masdar Clean Tech Fund participated in the round.