Cleantech Investment in New York Tops $91 Million in 2013

i3 market intelligence platform shows state’s 2013 deal volume at 31

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 New York, clean technology venture investment during 2013 totaled $91,027,787.

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

  • Ioxus, an Energy Storage company, raised $15,000,000 from The Westly Group, Northwater Capital Management, Braemar Energy Ventures, Energy Technology Ventures, and Aster Capital in a growth equity round
  • EcoSense Lighting, an Energy Efficiency company, raised $14,992,842 from Bain Capital, and Flagship Ventures in a growth equity round
  • Ecovative, an Advanced Materials company, raised $11,500,000 from Pegasus Capital Advisors, 3M New Ventures, and DOEN Participaties BV in a growth equity round
  • OLEDWorks, an Energy Efficiency company, raised $9,800,000 from undisclosed investors in a growth equity round
  • Plug Power, a Fuel Cells & Hydrogen company, raised $6,500,000 from Air Liquide Investissements d'Avenir et de Démonstration (ALIAD) in a PIPE 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 New York during 2013 topped $91 million. Notable deals included Ioxus, and EcoSense Lighting.

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Contacts

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