In the first quarter of 2013, Cleantech funding hit its lowest point in four years. Funding for the quarter totalled $369 million, accounting for 6 percent of total venture capital dollars invested in that period. This represents a 61 percent decrease in funding compared to the first quarter of 2012, and a 35 percent decrease since the fourth quarter of 2012. In terms of volume, 61 deals were funded in the Cleantech sector in the first quarter of 2013: early-stage deals reached $140 million in 23 deals, while late-stage deals reached $229 million in 38 deals. Average deal size, at $6 million, was 48 percent lower than in the same period of 2012. And at $231 million, Silicon Valley was the recipient of 61 percent of the total dollars invested in Cleantech in the first quarter of 2013.
PwC has a dedicated Cleantech practice that provides services and advice in assurance, tax, transactions, market entry, and business performance improvement to companies across the cleantech sector and the breadth of industries it impacts. Our broad network of industry sector specialists combines a detailed knowledge of government policy and regulation with strong private enterprise experience, providing us with an in-depth understanding of key industry issues around strategy, operations, regulations, risk, technology, and finance.
The cleantech industry is developing innovative technologies that are challenging the traditional automotive, energy, and utility markets to reinvent themselves. As the service provider of choice for emerging and established cleantech companies as well as organizations and utilities, we can help you to develop, commercialize, deploy, and maintain go-to-market strategies for your products and services across the cleantech ecosystem.
* According to the MoneyTree™ Report from PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data provided by Thomson Reuters.
Cleantech MoneyTree™ Report: Q1 2013
Cleantech received $369 million in the first quarter of 2013, a 61 percent decline in dollars and a 25% decline in volume compared to Q1 2012.
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