Sep. 30, 2009, Cambridge, MA - According to Greentech Media, an
online media company covering green technology news and analysis, venture
capital investment in green technologies totaled $1.2 billion in 85 deals in
the second quarter of 2009. This was up from $836 million in 59 deals in the
first quarter of 2009.
Solar power was once again the leading investment segment, at more
than $330 million. Biofuels, gasification, and cleaner coal investments were
third on the list, at $195 million.
One of the drivers of steady second-quarter venture investment was
the promise of stimulus monies offering startup investors a nondilutive funding
source. Early-stage and late-stage investments dominated, whereas mid-stage
funding was harder to come by, and the average round sizes were slightly
smaller. There were no giant solar or biofuel rounds of over $100 million, as
The report is available for purchase from Greentech.