February 9th, 2010
From Green Right Now Reports
U.S. venture capital investment in cleantech companies in Q4 2009 decreased 45 percent to $564.5 million compared to the prior quarter, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. The research found that more VC dollars are flowing into the energy efficiency category.
Ernst & Young said the San Francisco Bay Area was the leading region for cleantech investment in 2009, with $1.2 billion invested for the year and $295.6 million in Q4. Southern California came in second place with annual investment of $329.5 million and Q4 investment of $30.5 million. New England was the third-largest regional cleantech center with $283.7 million for the year and $38.0 for Q4.
The number of deals increased 21 percent to 62, according to the report. But investment in 2009 totaled $2.6 billion in 193 financings rounds, a decline of 50 percent in dollars and 16 percent in the number of deals compared to the record investment levels of 2008.