| [January 15, 2014] |
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Cleantech Investment in Washington Tops $87 Million in 2013
SAN FRANCISCO --(Business Wire)--
Cleantech
Group™, provider of the i3
market intelligence platform and global consulting services, today
announced preliminary 2013 results from its i3
data product. The firm reported that in Washington, clean technology
venture investment during 2013 totaled $87,324,000.
According to data in i3, Washington's top deals and their investors were:
-
UtiliData, a Smart Grid company, raised $20,000,000 from Formation 8,
Saudi Aramco Energy Ventures, Braemar Energy Ventures, and American
Electric Power in a Series B round
-
Optimum (News - Alert) Energy, an Energy Efficiency company, raised $14,200,000 from
Columbia Pacific Management, Navitas Capital, and Johnson Controls in
a Series B round
-
Prometheus Energy, a LNG transportation fuels company, raised
$10,500,117 from Kenda Capital, and Black River Asset Management in a
growth equity round
-
MicroGREEN Polymers, a Recycling & Waste company, raised $10,000,000
from Confederated Tribes of the Grand Ronde, WRF Capital (part of
Washington Research Foundation), and Northwest Energy Angels in a
Series round
-
Seeq, an Energy Efficiency company, raised $6,000,000 from Second
Avenue Partners, Madrona Venture Group, Clear Fir Partners, Gaylord
Kellogg, and John Meisenbach in a Series A round
"Our i3 market intelligence platform tracked strong performance by
cleantech public stocks: five of the top 20 best performing stocks of
the Russell 3,000 in 2013 were cleantech companies," said Sheeraz Haji,
CEO of Cleantech Group. "Despite challenging IPO and M&A markets, we
observed a number of positive 2013 exits including Climate
Corporation, Waze,
Silver
Spring Networks, ecoATM,
and Evogene.
Our i3 data indicate that investors continue to shift away from capital
intensive deals and move towards distributed generation, resource
sharing, agriculture, and the digital oilfield theme."
i3 tracks the latest deals, trends, and insight into innovation, with
data for over 22,000 companies across 18 sectors. The product also
allows users to identify innovation clusters around the world, drill
down into taxonomy for 18 sectors, and pursue company discovery.
While the bulk of the data is only accessible by subscribers, a
subset of data in i3, is available at no charge.
About Cleantech Group Inc.
Cleantech Group helps clients accelerate sustainable innovation. The
company's i3 market intelligence platform, which tracks over $7 billion
of deal flow annually across 22,000 cleantech companies, allows
subscribers to discover companies and explore resource technology trends
strategically with proprietary real-time data. Cleantech Forums bring
together thought leaders and innovators in the cleantech and
sustainability ecosystem. The company's Advisory Services leverage
expertise in designing and executing corporate strategies for
sustainable growth and innovation sourcing. Details at www.cleantech.com
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