Cleantech MoneyTree™ Report: Q4 2012

January 2013
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Cleantech MoneyTree™ Report: Q4 2012

At a glance

Based on the MoneyTree™ Report from PwC and the National Venture Capital Association based on data from Thomson Reuters. Cleantech received $3.3 billion in funding in 2012, a 28% decline from 2011, while venture investment across all industries declined 10% in the same period

Annual highlights:

  • Cleantech received $3.3 billion in funding in 2012, a 28% decline from 2011, while venture investment across all industries was down 10% in the same period
  • In 2012, Cleantech deal volume reached 267, a decline of 23 percent from 2011
  • Compared to 2011, first-time funding in 2012 decreased 58 percent to $216 million, while follow-on funding declined 25 percent to $3.1 billion
  • In 2012, early-stage deals funding reached $768 million in 97 deals, while late-stage deals funding reached $2.5 billion in 170 deals
  • Average deal size over the past four years has remained about the same: $10.1 million in 2009, $12.8 million in 2010, $13.1 million in 2011, and $12.3 million in 2012
  • Average deal size in the Transportation sub-sector for the past four years, at $37.7 million, is significantly and consistently larger than any other sub-sector
  • From 2009-2012, Silicon Valley received $6.1 billion in 366 deals, more venture capital than any other region

Quarterly highlights:

  • At $535 million, the sector saw a 59 percent decrease in funding in the fourth quarter of 2012 compared to the same period in 2011
  • Deal volume, at 67 in the fourth quarter of 2012, declined 17 percent from the fourth quarter in 2011
  • Average deal size was $8 million in the fourth quarter of 2012, a decrease of 51 percent year-over-year
  • All Cleantech sub-sectors received less funding in the fourth quarter of 2012 compared to the fourth quarter of 2011
  • At $232 million, Silicon Valley received the most funding of any region in the fourth quarter of 2012