Thursday, November 30, 2006

North American and European Cleantech Investment Totals More Than $1 Billion in Q3 2006

Cleantech Category Garners 14% of All North American Venture Investment and 12% of European Venture Capital Investment Cleantech Venture Network® researchers reported today that North American and European Q3 2006 cleantech investment totaled $1.081 billion for the quarter. More than $934 million was invested in North American cleantech companies in Q3 2006, 14% of the overall $6.5 billion invested, making cleantech the third largest venture capital category for the quarter. Venture capital investment in European cleantech companies totaled $147 million in Q3, or 12% of Europe’s overall total of $1.2 billion.

In North America, the largest Q3 cleantech deals were Cilion, Altra, Ion America, Renewable Energy Group and Newmarket Co. totaling $572 million, or 61.2% of cleantech investment in the quarter. The 47 North American cleantech deals represented 5.1% of the 919 venture deals completed in the quarter. The average cleantech deal size was $19.8 million compared to the overall average VC deal size of $7.1 million. Cleantech investment YTD is running 20% behind last year YTD.

The largest cleantech deals in Europe included Ocean Power Delivery Ltd., Keronite International Ltd., DeepStream Technologies Ltd., Protalix Biotherapeutics Ltd., and Replisaurus Technologies AB. The $88 million invested in the five deals represented 59.8% of all cleantech investment.

Cleantech Venture Network® researchers recently released the Cleantech European Investment Report, a three-and-a-half-year analysis of the European cleantech venture investment category. The comprehensive report analyzes European cleantech investment by segment and region and forecasts capital needs through 2009.

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