Craton Equity Partners raising VC fund for — you guessed it — clean tech

The venture capital industry is under pressure. The number of firms is on the decline.

However, one growth industry is clean technology.

Craton Equity Partners is nearing the halfway mark for raising its venture capital fund, to be focused on clean technology companies, according to VentureWire (subscription required). The Los Angeles-based firm is targeting $250 million, and has raised more than $40 million since holding an $82 million first close last year.

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About the Author,

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.

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