Investors were still pouring money into solar power ventures in April — with about 45 percent the $330 million invested in clean technology ventures pointed toward solar power startups.
Wind power ventures were still able to attract nearly $45 million, or 14 percent of investments made in clean technology in April, despite the technology already being far along. LED lighting systems, which are more efficient and last longer than typical lighting systems, brought in about $62 million in funding and was the second-most-funded group in April.
Clean technology ventures raised $2.6 billion in the first quarter this year, with most of the funding going into late-stage companies that are already preparing to go public. Solar power ventures will still the hottest companies in the first quarter, bringing in $641 million across 26 deals.
The list was composed by Greentech Media, a Massachusetts-based news and research firm that focuses on clean technology. There were 26 investments made into clean technology ventures in April. Here’s a breakdown of all the funding in specific sectors:
Solar Power $147 million
Fuel cells and energy storage $38.4 million
Smart Grid $25.3 million
LED Lighting $61.5 million
Biofuels $15 million
Wind Power $44.8 million
Power conversion and efficiency $12.2 million
Tidal power $6 million
Clean fossil fuel burning $2 million
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more