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.
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