Venture capital sweeps into clean-tech industry

By Tiffany Hsu
Los Angeles Times
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Venture capitalists spent the first quarter of the year dousing the clean-tech industry with more money, hiking investment in solar and other green companies.
Though the number of deals fell to 69 from 79, companies raised $1.1 billion in the first three months of 2011 compared with $743.3 million in the same period last year, according to a report released Monday.
The top 10 deals alone drew more than 60% of the total haul; the two largest accounted for 18% of nationwide investment, according to Ernst & Young and data from Dow Jones VentureSource.