Clean Tech Venture Investments Lead

July 22, 2010 at 5:51 am Leave a comment

Venture capital funding in the second quarter jumped to the highest level in almost two years, as investors increased their bets on alternative energy and biotechnology.

Firms invested $6.52 billion in the U.S. during the period, a 53 percent increase from a year earlier and the most since the third quarter of 2008, the National Venture Capital Association and PricewaterhouseCoopers LLC said today in a report. The number of deals rose 29 percent to 906.

Clean-technology financing almost tripled to a record $1.47 billion, led by investments in companies that are promoting electric vehicles and solar power. Startups are attracting hundreds of millions of dollars in venture financing to build plants and make products that customers are waiting to buy, said Suzanne King, a partner at New Enterprise Associates in Chevy Chase, Maryland.

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Entry filed under: Clean Tech, Clean Technology, Venture Captial.

Clean Tech Information Source Washington State Sees Venture Investment Uptick

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