Investments In Startups Boom While Funding For Clean Energy Drops [Headlines]
Dow Jones reports that energy companies raised less than half the amount raised by startups in the second quarter of 2010.
Earlier this week figures from the latest MoneyTree report found that VC funding for web startups has reached a 10-year high. Contrast that with the latest funding figures from the Dow Jones VentureSource, out on Friday, which found that venture investment in the energy sector dropped by more than half.
Dow Jones reports that startups in the “energy and utility industry” raised $566 million in 29 deals, which was less than half the amount raised by energy startups in the second quarter of 2010. Clean-power companies were responsible for $540 million and 27 deals out of that total, according to Dow Jones. Katie Fehrenbacher/Gigaom.