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Cleantech investment up 65% worldwide in first half of 2010


From Venture Beat

Venture capital investment in cleantech in the second quarter totaled $2.02 billion across 140 companies in North America, Europe, China and India. A little down from the $2.04 billion invested in the first quarter, the total still reflects a 65 percent increase from the halfway mark last year, according to a report released today by the Cleantech Group and Deloitte.

The first quarter of 2010 saw a record number of cleantech deals: 192. So compared to that, the Q2 figures are a little lackluster, but still 43 percent higher than those from Q2 last year.

The report also noted a few trends shaping venture capital involvement in the sector. Perhaps most significantly, more funding is coming from major corporations looking to grow their presence in the green technology movement. General Electric, Chevron, Intel, IBM and Cisco Systems have all played a major role in helping solar, smart grid, wind, biofuel and even water startups achieve scale. Corporate investments jumped to $5.1 billion, a 325 percent increase from last year.  [more…]

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