Rob Day is a Boston-based principal with @Ventures, a venture capital group that invests in early-stage and mid-stage technology companies. The primary focus of @Ventures' fifth fund, formed in 2004, is on investments in the cleantech sector, including alternative energy, energy storage and efficiency, and water purification technologies.The views expressed on this blog are those of Rob and his friends and colleagues, not necessarily the views of @Ventures.Contact Rob Day at: cleantechvc@gmail.com
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Go big or go home?
Posted on April 08, 2008
Today's big news in cleantech investing is the close of Foundation Capital's latest fund, at $750mm, with $250mm set aside for cleantech. This is just the latest in a long string of big cleantech-related funds that have been raised, so it's worthwhile noting the trend out there in the market. In part this simply reflects an overall trend across VC sectors of larger funds, as discussed out there in the blogosphere recently. But it does seem to be particularly striking in the cleantech space. Generalist firms are devoting bigger allocations to the sector, and specialist firms are launching b...
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