Slideshow: Solar Still Drives Cleantech Investing

Solar continued to be the driving force behind cleantech investing in the first quarter as venture capitalists shifted dollars to more mature, later stage companies.

The quarter saw investors worldwide pour $2.57 billion into 159 companies, a 13% increase in dollars from last year, according to the Cleantech Group. The majority of the money – 93% – went to follow-on rounds.

Surprisingly, this more cautious environment was fertile ground for solar deals. Solar startups attracted $641 million, or 24% of total dollars, as several big deals led the way. The next closest industry sector was transportation, with less than half the committed dollars.

Cleantech: Say Goodbye To Risk Capital

The cleantech investor is becoming a more conservative investor. This is the conclusion to draw from the quarterly cleantech investment figures the Cleantech Group released Tuesday. Quarterly investment totals from around the globe rose 13% from last year to $2.57 billion. But deals came to 159, probably the lowest quarterly level since mid-2009. In other […]

MiaSole About To Announce One of Year’s Largest Solar Rounds – Source

Solar module maker MiaSole will announce within two weeks “one of the larger solar financings this year,” according to a source familiar with the financing. The prospect of another large round for a solar company breathes new life into a sector many VCs view as over-invested. The news confirms a report last month that 9-year-old MiaSole […]

Solyndra Raises Nearly $220 Million

Solar company Solyndra has raised $219.2 million in a Series E financing from 23 investors, according to a regulatory filing, making it the second largest U.S. cleantech financing in 2008. The Fremont, Calif.-based company makes copper indium gallium selenide (CIGS) solar power installations. Its latest financing round is smaller than the $300 million raised by […]

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget