Cleantech MoneyTreeTM Report: Q4 2013

January 2014
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Cleantech MoneyTree<sup>TM</sup> Report: Q4 2013

At a glance

In the fourth quarter, Cleantech industry venture capital funding reached its highest level in 2013. It was also the first time in five consecutive quarters that a region received more funding than Silicon Valley.

Quarterly highlights:

  • At $418 million in the fourth quarter, the sector reached its highest funding level in 2013 after a 47 percent increase in funding compared to the third quarter of 2013
  • Deal volume, at 38 in the fourth quarter of 2013, declined 37 percent from the fourth quarter of 2012
  • Average deal size was $11.6 million in the fourth quarter of 2013, an increase of 20 percent year-over-year
  • The largest increases in year-over-year subsector funding were in Water and Waste Management (increased 1,991 percent to $110 million), Smart Grid and Energy Storage (increased 216 percent to $127 million), and Agriculture and Bioproducts (increased 20 percent to $4 million)
  • At $111 million, Texas received the most funding of any region in the fourth quarter of 2013