Clean-tech companies raked in just $564.5 million in the fourth quarter of 2009, a 45% plunge from the previous quarter, according to research released Monday.
But the number of deals jumped 21% to 62 total, according to analysis from Ernst & Young, using data from Dow Jones VentureSource. California dominated, with 32 deals over the course of the quarter, pulling in $333.72 million.
In all of 2009, investment in the clean-tech sector hit $2.6 billion with 193 deals, a 50% plunge in dollar amount and a 16% slide in the number of deals compared to 2008.
The San Francisco Bay Area led the charge, with $1.2 billion in investments pouring in throughout the year; $295.6 million coming in during the fourth quarter. Southern California came in next, raising $329.5 million in 2009, with $30.5 million invested in the last quarter. New England brought in $283.7 million for the entire year, $38 million of it during the fourth quarter.
Energy efficiency was the top-performing category last year, with 61 deals attracting $593.3 million, roughly a third of the total financing activity in the clean-tech sector. It also pulled in the most venture capitalist investment of the fourth quarter, with $252.8 million across 22 deals, ...