Investment in clean-technology companies rose in the U.S. last year, garnering $3.98 billion in venture capital, according to a report released yesterday by the accounting firm Ernst & Young.
The change represents an 8 percent increase in investment overall, but there was also a major shift in when companies received funding.
"The share of investment dollars going to second rounds increased from 18% in 2009 to 26% in 2010. Later stage deals received $2.37 billion or 62% of the money invested in this period," according to the report.
Of that $4 billion, $1.32 billion … Read more