California attracts USD 631m in VC investment in Q2 2013

Jul 4, 2013 - Venture investments in California's clean technology sector reached USD 631.4 million (EUR 486m) in the second quarter of 2013, preliminary data from global marketing firm Cleantech Group showed yesterday.

This takes the amount attracted since the start of the year to USD 1 billion.

Among the top deals completed in the period was in the solar power segment, where Clean Power Finance secured USD 37 million from a panel of investors including Edison International (NYSE:EIX), Kleiner Perkins Caufield & Byers (KPCB), Google Ventures, Claremont Creek Ventures, Clean Pacific Ventures, Sand Hill Angels and Hennessey Capital.

Another major cleantech investment was the USD 150 million obtained by biofuels and biochemicals firm Intrexon from Third Security and private investor Randal Kirk, as well as the USD 150 million provided to fuel cell box maker Bloom Energy by Credit Suisse (NYSE:CS) and E.ON (ETR:EOAN).

(USD 1.0 = EUR 769)

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