Venture capital investments in clean-tech reached record levels in 2008 with $4.7 billion raised in 186 financing rounds -- a 68 percent increase in annual capital invested and a 5 percent increase in annual financing activity, according to a study released Tuesday.
The analysis by Ernst & Young LLP, based on data from Dow Jones Venture Source, showed that clean-tech companies received $954 million from venture capitalists in the fourth quarter, significantly surpassing the $681 million invested in the same period in 2007 but lagging behind the record $1.7 billion invested in the third quarter of 2008.
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