Cleantech MoneyTreeTM Report: Q1 2014

April 2014
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Cleantech MoneyTree<sup>TM</sup> Report: Q1 2014

At a glance

Cleantech funding reached $357 million in the first quarter of 2014, with average deal size increasing 59 percent year-over-year. Funding was heavily weighted towards later stage funding; in fact, this was the only quarter where no disclosed first-time funding was invested in the industry since MoneyTree began tracking deals in 1995.

Quarterly highlights:

  • At $357 million in the first quarter, the sector started similarly to 2013 when funding reached $384 million. This quarter’s funding represents a 7 percent decrease in funding year over year, and a 12 percent decrease in funding compared to the fourth quarter of 2013
  • Deal volume, at 33 in the first quarter of 2014, declined 42 percent from the first quarter of 2013
  • Average deal size was $11.5 million in the first quarter of 2014, an increase of 59 percent year-over-year
  • The largest increases in year-over-year subsector funding were in Agriculture and Bioproducts (increased 939 percent to $135 million), Transportation (increased 658 percent to $10 million), and Smart Grid and Energy Storage (increased 80 percent to $107 million)
  • At $93 million, Silicon Valley received the most funding of any region in the first quarter of 2014