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Massachusetts cleantech companies bucked the trend of lower venture capital investment in 2009 and raked in 21 percent more funding last year, according to a report released today by the Cleantech Group and Deloitte LLP.
Bay State cleantech firms received $356 million in 27 deals last year, making it the second leading state for investment. California, the state with the most cleantech funding, saw its investment decline 38 percent from 2008 to $2.1 billion in 116 deals. In North America, venture capital investment in cleantech fell 42 percent over last year and 17 percent over 2007 to $3.5 billion in 298 deals.
The $100 million round of funding for Watertown lithium ion battery maker A123Systems Inc. was the second largest cleantech VC round in 2009; only California thin-film solar maker Solyndra Inc.’s $198 million in funding was larger.
Boston-based RockPort Capital Partners was the third most active venture capital firm in the cleantech space with 14 announced rounds. Kleiner Perkins Caufield & Byers landed 19 deals, making it the top cleantech VC firm.
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