Cleantech investment wave hits a crest
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Third-quarter venture capital investments into North American cleantech start-ups totaled $425 million, according to data from industry analyst Cleantech Venture Network. That’s a record.
That’s also a 15.3% increase from the second quarter, and a significant 47% boost from the third quarter last year. Such investments have increased for five straight quarters.
Cleantech captured 8.1% of the $5.263 billion of venture capital invested in North America overall, up significantly from 6.1% in the previous quarter. Cleantech now ranks sixth in size behind software, biotechnology, telecommunications, medical devices and equipment and semiconductors.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
