Q1 2016 VentureDeal Quarterly Venture Capital Report
Alternative Energy -
Clean Tech - Energy - Environmental
During Q1 2016, a total of 26 companies received $542 million in
disclosed venture capital funding, representing a 13% decrease in the number of
companies funded and a 13% increase in total amounts funded vs. the previous quarter.
Alternative Energy
Alternative Energy companies, which include solar, biofuels, wind
power, hydrogen and other non-fossil fuel energy firms, continued to receive the
largest share of funding of the four industry sectors. 17 companies received $493
million in venture capital financing, which represented an 11% decrease in the number
of companies funded and a 44% increase in funding amounts versus the f3rd quarter
of 2015.
In the largest deal of the quarter,
Sunnova Energy
of Houston, Texas secured $300 million equity capital in a financing round funded
by private equity firm Energy Capital Partners. The company
is a solar service provider to residential markets nationwide and said it would
use the funding proceeds to accelerate its growth initiatives.
At the early stage, Owings Mills, Maryland-based
Differential Dynamics
raised $360,425 in equity financing, according to an SEC regulatory filing. The
company says that it is developing technologies to harness clean energy from the
power of rivers, using is “mechanical infinitely-variable motion-control devices.”
Alternative Energy Funding History - to 1st Quarter 2016
Clean Tech
Clean Technology deal volume continued its previous quarterly results
by decreasing to $23 million between 3 companies, a 63% decrease in aggregate funding
amounts and an 11% decrease in the number of companies funded versus the Q3 2015.
In the water treatment space,
Clearas Water Recovery received $4 million in Series B venture capital funding from
Next Frontier Capital and
Good Works Ventures.
The company has developed what it calls an Advanced Biological Nutrient Recovery
system that recovers excess nutrients from municipal wastewater operations and produces
no chemical by-products, reducing disposal fees.
Clean Tech Funding History - to 1st Quarter 2016
Energy
Venture-backed Energy company fundings decreased by 53% to $26 million.
The number of companies funded tripled from 2 to 6 vs. Q3 2015.
Waltham, Massachusetts-based battery technology company
SolidEnergy secured $12 million in its Series B round
of strategic and venture capital investment. The company says that it has “revolutionized
portable energy storage with the introduction of the anode-free lithium metal battery.”
Corporate investors in the round were SAIC Venture Capital and Applied Ventures.
Gridtential landed $1.5 million out of a total offering of $2 million, according
to an SEC regulatory filing. The company is developing an advanced lead-acid battery
that it says will replace the metal grid in current lead-acid battery designs. Gridtential
previously received funding from The Roda Group, which
invested in a number of alternative energy, clean tech and software companies.
Energy Funding History - to 1st Quarter 2016
Environmental
There were no Environmental transactions during the quarter, continuing
the same low or nonexistent activity in the sector.
Environmental Funding History - to 1st Quarter 2016
Table 1
Venture Capital Funding - 1st Quarter 2016
|
Industry
|
Total
Disclosed Funding
|
% Change
Vs. Prior
Quarter
|
Number of
Companies Funded
|
% Change vs. Prior Quarter
|
|
Alternative Energy
|
$493 million
|
+ 44%
|
17
|
- 11%
|
|
Clean Technology
|
$23 million
|
- 32%
|
3
|
- 63%
|
|
Energy
|
$26 million
|
- 53%
|
6
|
+ 300%
|
|
Environmental
|
$--
|
--
|
0
|
--
|
|
Total
|
$542 million
|
+ 13%
|
26
|
- 13%
|
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herein is based on current information that VentureDeal considers reliable, but
we make no representation that it is accurate in the future or complete, and it
should not be relied upon as such. It is provided with the understanding that VentureDeal
is not acting in a fiduciary capacity.