Cleantech Investment in Massachusetts Tops $480 Million in 2013

i3 market intelligence platform shows state’s 2013 deal volume at 70

SAN FRANCISCO--()--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 Massachusetts, clean technology venture investment during 2013 totaled $480,118,586.

According to data in i3, Massachusetts’s top deals and their investors were:

  • Blu Homes, an Energy Efficiency company, raised $65,000,000 from Brightpath Capital Partners, and Skagen Group in a growth equity round
  • SimpliVity, an Energy Efficiency company, raised $58,000,000 from Kleiner Perkins Caufield & Byers (KPCB), DFJ Growth, Meritech Capital Partners, Swisscom, Accel Partners, and Charles River Ventures in a growth equity round
  • Joule, a Biofuels & Biochemicals company, raised $50,000,000 from Flagship Ventures in a growth equity round
  • WiTricity, an Energy Efficiency company, raised $25,000,000 from Intel Capital, and Foxconn Technology Group in a growth equity round
  • Aspen Aerogels, an Advanced Materials company, raised $22,500,000 from undisclosed investors in a structured debt 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

Contacts

Cleantech Group
Millen Paschich, +1 415-233-9712
media-services@cleantech.com

Release Summary

Data in Cleantech Group's i3 market intelligence platform reveals clean technology venture investment in Massachusetts during 2013 topped $480 million. Notable deals included Blu Homes and SimpliVity.

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Contacts

Cleantech Group
Millen Paschich, +1 415-233-9712
media-services@cleantech.com