Transportation, Energy Efficiency and Biofuels & Biochemicals lead
investment deals according to Cleantech Group’s third quarter report
SAN FRANCISCO--(BUSINESS WIRE)--
Group™, provider of the i3
market intelligence platform and global consulting services, today
announced worldwide venture investment across all clean technology
sectors totaled $1.4 billion during Q3 2013. That total was 26 percent
lower than the previous quarter ($1.9 billion) and 13 percent below the
average of $1.6 billion over the previous four quarters. The report was
based on preliminary findings from i3, which tracks more than $7 billion
of deal flow across 22,000 cleantech companies and 18 sectors annually.
Total deal volume reached 195 across all sectors, on par with the
“sweet-spot” in recent years of 200 deals per quarter, though 24 percent
lower than the 258 deals recorded during Q2 2013. This figure is
expected to increase slightly once all investors have submitted deals.
Of the 195 deals recorded so far, 56 percent were Series B or later
rounds, accounting for $1.18 billion or 84 percent of all money invested
during the quarter.
“Efficiency continues to shine in 2013, leading the cleantech sector in
terms of number of deals completed. Transportation saw considerable
traction in Q3 2013, thanks in large part to Uber’s $258 million funding
round led by Google Ventures and TPG Capital,” said Sheeraz Haji, Chief
Executive Officer of Cleantech Group. “Our i3 market intelligence
platform reports that investor interest in software or cleanweb
technologies is starting to scale, while the Agriculture and Advanced
Materials sectors are making strong headway and are well-positioned to
gain significant market traction in the years to come.”
VENTURE INVESTMENT BY SECTOR, TOP DEALS AND GEOGRAPHY
The leading sector in 3Q13 by amount invested was Transportation with
$352 million (up 157 percent from Q2), followed by Energy Efficiency
with $205 million (down 53 percent), and Biofuels & Biochemicals with
$173 million (down 38 percent). Energy Efficiency continued to lead in
terms of deal volume, closing 33 funding rounds, though that total was
35 percent lower than the 51 deals the sector recorded in Q2.
Transportation, with 22 deals (down 21 percent) was ranked second,
followed by Solar with 21 deals (up 5 percent from Q2). Other top
sectors in terms of deal volume and value invested included Advanced
Materials with 17 deals accounting for $92 million, Agriculture with $89
million across 13 deals, water with $37 million across 15 deals, Energy
Storage with $55 million across nine deals and Smart Grid with $50
million across nine deals.