US Venture Capital Investment in Cleantech Sets Record High in Q2 2008

Ernst & Young has just released a report covering Q2 2008 numbers for U.S. venture capital investment in cleantech. For the quarter American VC investments in the sector were nearly $1B which is an increase of 41% from Q1 2008, and up 83% from a year earlier (not bad considering overall VC investment in the U.S. was down 8% in Q2 versus Q1). According to the Cleantech Group U.S. venture investment represented 74% of the global total, while European venture-backed investments accounted for 13%.

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