VC investment in " clean tech " hitting a plateau?
A survey conducted by the National Venture Capital Association and Dow Jones VentureSource found less than half (38 percent) of VCs expect to increase investment in clean tech, signaling the field has hit a plateau.
Meanwhile, LS9 closed a Series D round on Dec. 21, led by investors at BlackRock, and including the company’s existing investors Khosla Ventures, Flagship Ventures and Lightspeed Ventures. See Reuters: Biofuel Startup LS9 Raises $30M, Led By BlackRock
Biofuels Digest noted:
What does that mean? In the near term, Elevance and LS9 are headed for Tractionville, leaving behind a lot of companies still in the Valley of Death, all of whom are looking at their magic bugs and catalysts right now to see how they can participate in the capital flows that are starting to rain down on companies that have renewable chemicals in their crosshairs.
AND
“No one’s gonna drag you up, to get into the light where you belong,” go the lyrics to “The Sign”, Ace of Base’s monster pop hit from 1994, and it’s cautionary advice for the industry.
Meanwhile, LS9 closed a Series D round on Dec. 21, led by investors at BlackRock, and including the company’s existing investors Khosla Ventures, Flagship Ventures and Lightspeed Ventures. See Reuters: Biofuel Startup LS9 Raises $30M, Led By BlackRock
Biofuels Digest noted:
What does that mean? In the near term, Elevance and LS9 are headed for Tractionville, leaving behind a lot of companies still in the Valley of Death, all of whom are looking at their magic bugs and catalysts right now to see how they can participate in the capital flows that are starting to rain down on companies that have renewable chemicals in their crosshairs.
AND
“No one’s gonna drag you up, to get into the light where you belong,” go the lyrics to “The Sign”, Ace of Base’s monster pop hit from 1994, and it’s cautionary advice for the industry.
posted by Lawrence B. Ebert at 7:04 AM
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