Venture capital investing in cleantech is way down, below 2006 levels. Worse, most of the VC investment is in existing companies with little in new and early-stage companies.
The third quarter of 2013 saw the 7th consecutive drop in cleantech venture investing. In Q3 there were 40 deals and $297 million invested, which was a 20 percent drop in dollars from the second quarter of 2013, and a 65 percent drop from the third quarter of 2012.
The narrative in cleantech investing is that the corporates will come in and pick up this slack, and to some extent that’s been true. But I’m wondering to what extent.