Venture capitalist funding in cleantech companies surged in 2007, as record-setting oil prices and the emergence of climate change as a major public policy and national security issue drove investors into technologies aimed at making clean energies an economically viable alternative to fossil fuels. Cleantech's emergence as a distinct asset class has investors anticipating a new generation of exits by venture-backed cleantech companies over the next several years. This paper is based on findings from the MoneyTree Report, a quarterly survey produced by PricewaterhouseCoopers and the National Venture Capital Association, based on data provided by Thomson Reuters.
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