More Than $1.2B in 85 Deals Signals a Quiet Recovery in the Greentech Sector
Optimism prevailed amongst greentech venture capital investors in the second quarter of 2009. Despite the eulogies delivered for the greentech sector because of a less than stellar first quarter, VC investment in greentech rebounded in the second quarter with more than $1.2 billion invested in 85 startups.
Notable investment trends in the second quarter included:
- An increase in smart grid, automotive, and energy storage investments
- No giant $100 million+ solar or biofuel rounds as in 2008
- Early stage and late stage investments dominated, while mid-stage funding was harder to come by
- Slightly smaller...