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November 13, 2006
Cleantech VCs In Europe Having Trouble Closing Funds
It looks like being European is still a tough sell for VCs trying to raise new funds. Researchers at the Cleantech Venture Network (CVN) said today that over the past two years cleantech investment in Europe has exhibited a "choppy" investment trend, compared to the 9 consecutive quarters of growth in the US market.
It is something that CVN attributes to "capital constraints in Europe, where institutional (e.g. pension fund) participation in the European cleantech private equity space is less than their North American counterparts."
In other words, cleantech investors in Europe are still having a hard time closing funds and are not able to invest as steadily and quickly as they could be.
Some more data:
The year-to-date venture investment in European cleantech is at $533 million (€682 million) compared to $652 million (€835 million) at the end of Q3 2005. It is an 18% decrease year on year.
European Q3 venture capital investing in the cleantech category was $144 million (€184 million) versus the $268 million (€343 million) the previous quarter.
The energy segment led the way with $77 million (€99 million) followed by $35 million (€45 million) invested in the clean manufacturing and industrial segment and $16 million (€20 million) in clean Agriculture & Nutrition companies.
Read - European Cleantech Q3 Investment Dips (press release)
Posted on November 13, 2006 03:38 PM | Posted to Alternative Energy | Permalink
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