Promising Outlook for Venture Capital Investments in Greentech

In comparison with the previous two quarters of this year, the third quarter is looking healthier for venture capital investments in the greentech sector as reported by greentech Media Research.

In Q1 there was $836 million invested in 59 deals. In Q2, 1.2 billion was invested in 85 deals. Q3 closed with 1.9 billion invested in 112 deals.

Solar was the most popular sector with $576 million invested in 29 deals. This was closely followed by the biofuels sector having $513 million in investments on 17 deals. Third runner up was smart grid with $160 million invested in 14 deals.

With $3.9 billion to date and one more quarter to go, this is already the second best year for Greentech Venture Capital investing behind 2008 which was $7.6 billion and 2007 was $3.5 billion.

Largely responsible for raising the third quarter greentech venture capital investments are the funds made available from the American Recovery and Reinvestment Act which are reaching more than $1 billion so far this quarter.