Cleantech pundits like to point out that the rest of the world is cleaning America’s clock in green technology.
But this isn’t entirely true if you look at venture investing. Especially if you look at the recently completed first quarter, when U.S. venture capitalists accounted for 79% of the global capital dispersed to cleantech startups.
It was the highest percentage since 2002, according to the Cleantech Group.
In our previous cleantech slideshows, we’ve covered the quarter’s solid rebound. First-quarter cleantech investment dollars were up 13% from a year ago and 52% from the fourth quarter to $2.57 billion, according to the Cleantech Group.
While deal volume lagged, it was still up 18% from a year ago. The quarter’s 159 deals proved to be the lowest total since mid-2009 and fell 19% from the fourth quarter’s 189.