Cleantech MoneyTreeTM Report: Q3 2014

October 2014
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Cleantech MoneyTree<sup>TM</sup> Report: Q3 2014

At a glance

Venture investment into Cleantech increased over 40% during the first three quarters of 2014 compared to the first three quarters of 2013. Strong follow-on investment in solar continues as later stage solar developers receive funding from the venture community.

Quarterly highlights:

  • With $366 million in the third quarter, the sector received $1.5 billion in the first three quarters of 2014, 41 percent more than the first three quarters of 2013. This quarter's funding represents a 25 percent increase in funding year-over-year, and a 41 percent decrease in funding compared to the second quarter of 2014.
  • Deal volume, at 32 in the third quarter of 2014, decreased 27 percent from the third quarter of 2013.
  • Average deal size was $11.4 million in the third quarter of 2014, increasing by 57 percent year-over-year.
  • The largest increases in year-over-year subsector funding were in: Solar Energy (increased 51 percent to $172 million), Agriculture and Bioproducts (increased 22 percent to $32 million), Smart Grid and Energy Storage (increased 52 percent to $46 million), and Other Cleantech (increased 140 percent to $97 million).
  • At $179 million, Silicon Valley received the most funding of any region in the third quarter of 2014, accounting for nearly 50 percent of total Cleantech funding.