In 2010, venture capital investing reached a new annual record in terms of number of deals, with a total of 715 deals, although the amount of capital invested fell short of the record high in 2008, according to Cleantech Group, LLC, a leading global research and advisory firm focused on the clean technology industry. The previous high was 624 venture capital financing deals recorded in 2009. This suggests venture capital firms are focusing on more capital-efficient clean technology investment opportunities than in previous years. The Cleantech Group reported that venture investment in clean technology increased by 28 percent from $6.1 billion in 2009 to $7.8 billion in 2010, but less than the record high of the $8.8 billion invested in 2008. “The strong increase in clean technology venture activity in 2010 was also paralleled by record activity in the IPO and M&A markets,” said Sheeraz Haji, CEO of Cleantech Group. “We believe continued growth in Asia and the ongoing push for resource efficiency will make 2011 a record year for cleantech innovation financing.”
Click here to read more about the Cleantech Group’s findings for 2010.