In Q2 2007, North American and European venture investments in the cleantech category totaled just under USD $1 billion, representing a 10% increase over the $903 million invested in Q1 2007. For the first half of 2007, there was a total of $1.90 billion in venture capital invested in the cleantech category in North America and Europe compared to $1.73 billion invested in the first half 2006, representing a 10% increase.
Cleantech IPOs totaled 17 over Q207, raising nearly $1.7 billion for cleantech companies. This represents a significant 88% increase from 9 cleantech IPOs in Q107.
North American Q207 venture investments totaled $843 million, approximately equal to Q206 and a 15% increase over the Q107 total of $731 million. Q207 European venture investments of $154 million represented an 11% decrease from Q107 and a 43% decrease from the $268 million invested in Q206.
The Cleantech Network tracked a total of 77 deals in Q207. Energy generation continued to lead other segments with a total of $535 million invested, an 8% increase from the $495 million invested in Q107 and a 3% decrease from the $552 million invested in Q206. Of the 60 deals done in North America, 25 were in energy generation for a total of $437 million, accounting for 52% of Q207 cleantech investment. In Europe, investors placed more than $98 million in energy generation, slightly more than in Q107. Of the 17 European deals done, 9 were in the energy generation segment.
The Advanced Materials segment almost tripled Q1 investment with $34.5 million this quarter. In North America, the Transportation segment more than doubled to $81.9 million. Recycling & Waste showed the largest percentage growth, up 669%from $13 million invested last quarter to over $100 million in Q2.
Canadian cleantech investments were down at $12 million, compared to $47 million last quarter. In Q207, 32 cleantech acquisitions were identified. Of these, 25 were in North America, 6 in Europe, and 1 in Asia. There were 13 acquisitions of energy generation companies, including 8 in solar. By comparison to Q107, there were 31 cleantech acquisitions and 3 mergers involving cleantech companies.
“As cleantech markets move from market creation to market adoption and acceleration, we are encouraged by the continued robust growth, as well as receptive public markets and continued strength in M&A activity,” said Nicholas Parker, chairman and co-founder of the Cleantech Network. “There will be more in-depth data and analysis of venture, M&A and IPO activity in Europe, North America and China presented at the Cleantech Forum XIV in Toronto October 24-26, 2007. This is one of the largest gatherings of top tier cleantech investors, corporate leaders and innovators in North America.”
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