Cleantech MoneyTreeTM Report: Q1 2013

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06/05/2013 by Advisory services
Cleantech MoneyTree<sup>TM</sup> Report: Q1 2013

At a glance

In the first quarter of 2013, Cleantech funding hit its lowest point in four years, declining 61 percent compared to the first quarter of 2012, and 35 lower than the fourth quarter of 2012. 61 deals were funded in the first quarter of 2013. Average deal size was $6 million, 48 percent lower than in the same period in 2012.

In the first quarter of 2013, Cleantech funding hit its lowest point in four years, declining 61 percent compared to the first quarter of 2012, and 35 lower than the fourth quarter of 2012. 61 deals were funded in the first quarter of 2013. Average deal size was $6 million, 48 percent lower than in the same period in 2012.

Quarterly highlights:

  • At $369 million, the sector saw a 61 percent decrease in funding in the first quarter of 2013 compared to the same period in 2012
  • Deal volume, at 61 in the first quarter of 2013, declined 25 percent from the first quarter in 2012
  • Average deal size was $6 million in the first quarter of 2013, a decrease of 48 percent year-over-year
  • Smart Grid and Energy Storage was the only Cleantech subsector to see a year-over-year rise in funding, increasing 21 percent to $43 million in Q1 2013
  • Compared to the fourth quarter of 2012, funding for Pollution and Recycling increased 245 percent to $18 million, and Alternative Fuels/Energy increased 223 percent to $36 million in the first quarter of 2013
  • At $231 million, Silicon Valley received the most funding of any region in the first quarter of 2013