1h2015 - the latest cleantech innovation and investment trends are here
TRANSCRIPT
1H2015 Innovation Monitor
Presented by i3
Trends
Top Venture Deals & Corporate Investors
Exits: IPO + M&A Highlights
Contents
Trends
Top Venture Deals & Corporate Investors
Exits: IPO + M&A Highlights
Contents
Global Cleantech Venture Capital Investment
$ Billions, Deal Volume
4
Healthy Dollar Investment; Lower Deal Volume
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Average Deal Size Continues Rebound from 1Q2013
Average Round Sizes in Clean Technology Venture Capital
$ Millions
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5
Global 1H15 Cleantech Venture Capital Investment
Top Geographies by Deal Volume
N.A. takes 76% of investment w/ CA making up 41% of deal volume
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EU & Israel
Asia Pacific
North America
76%
18%
6%
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Increasing percentage of deals featuring corporates
Corporate Deal Volume, % of Total Deals w/ Corporate Participation
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Despite lower volume, late stage deals keep $ total up
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Annual Cleantech Venture Capital Investment with Corporate Participation
Billions, Deal Volume
*Dollar totals inclusive of co-investors
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Sector Shares of Cleantech Venture Capital (Deals)
Powered by Data From i3 *Excluded sectors include: nuclear, wind, geothermal, and others
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Trends
Top Venture Deals & Corporate Investors
Exits: IPO + M&A Highlights
Contents
Top 2Q15 Venture Deals
Description Round Size Investors Company
India-based provider of on-demand taxi-hailing services
$314M DTS Global, Accel Partners, Tiger Global Management, Steadview Capital
Chinese provider of P2P rentals similar to AirBnB
$250M All-Stars Investment, Ctrip
On-demand ride-sharing service provider
$150M Icahn Enterprises
China-based provider of on-demand taxi hailing services
$142M Weibo
Developer of technology to eliminate electrical conversion loss
$70M KKR
Developer of vanadium redox flow battery systems
$58.2M VantagePoint Capital Partners, Starwood Energy Group
Developer of microbial strain optimization technology
$44M Data Collective, DFJ, Obvious Ventures, Innovation Endeavors, True Ventures, others
Manufacturer of weather and ocean monitoring micro-satellites
$40M RRE Ventures, Lemnos Labs, Bessemer Venture Partners, Jump Capital, Promus Ventures
Developer of off-grid solar power solutions for telecom towers
$40M Capricorn Investment Group, IFC, Future Fund, Bessemer Venture Partners
Manufacturer of algae derived biofuels incorporating recycled CO2
$34M Flagship Ventures
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Top corporate investors in 2Q15
Investments (values inclusive of co-investors) Corporate
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$16M $11M
N/A N/A
$8M $7M N/A
$23M $17M $15M
$13M $12M $11M
$6M $4M N/A
Trends
Top Venture Deals & Corporate Investors
Exits: IPO + M&A Highlights
Contents
1H15 Cleantech M&A Highlights
Acquirer Target Venture Backers Deal Size/PIC
$265M $85M
Hudson Clean Energy Partners, JEM Partners, Mohr Davidow
$252M $37M
Samsung Ventures, EDC, EnerTech Capital, W2 Investments
$200M $44M
Accel Partners, Bessemer Venture Partners, Helion Venture Partners, Blume Ventures
$149M N/A
Undisclosed
$130M N/A
Undisclosed
$30M $22M
Yellowstone Capital Partners, VC Fund of New England, Parker Hannifin
N/A $4M
BP Ventures, ConocoPhillips, Formation 8
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2014 Cleantech M&A Highlights
Acquirer Acquired Venture Backers Deal Size/PIC
$3.2B $132M
Google Ventures, KPCB, Lightspeed Venture Partners, Generation I.M., Point Judith Capital, Shasta Ventures, InterTrust
$2.4B
$500M $91M
Khosla Ventures, Bessemer Venture Partners, Canaan Partners, Norwest Venture Partners
$350M $80M
GSR Ventures, New Margin Ventures, DT Capital Partners
$335M N/A
Insight Venture Partners
$200M $85M
BASF Venture Capital, Khosla Ventures, Total Energy Ventures, Oak Investment Partners, CalPERS, PCG Asset Management
$200M $16.7M
SV Angel, First Round Capital, Lerer Hippau Ventures, CrunchFund, A-Grade Investments, Greylock Partners, others
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Manufacturer of solar system power components
$1.2B NASDAQ
GE Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Genesis Capital, others
Smart home services provider
$732M NASDAQ
First Solar & SunPower joint yield-co
$420M NASDAQ
(Filed)
-
Producer of woody biomass pellets and fuels
$402M NYSE
Riverstone/Carlyle Renewable Energy Partners
Climate resistant crop trait developer
$234M NASDAQ
Vilmorin, BASF Venture Capital, Saints Capital, Mandala Capital, Exeter Life Sciences
Residential solar company $100M NASDAQ
(Filed)
Foundation Capital, Accel Partners, Sequoia Capital, Madrone Capital Partners
1H15 Cleantech IPO Highlights
Description Market Cap Pre-IPO Investors Company
8Point3
16
Residential solar system installer
$1.2B Blackstone
China-based cleanweb car services provider
$823M Qiming Venture Partners, Ignition Partners, CDH Investments, Goldman Sachs, New Access Capital
Customer engagement and billing analytics SaaS developer for utilities
$608M NEA, KPCB, Accel Partners, New Cycle Capital, MHS Capital Partners
High-performance LED manufacturer
$355M Investissements W2, Fonds de solidarite FTQ
Fuel cell developer $260M Credit Suisse, SSE Ventures, Altima Partners, Artemis Global Energy, Government of Singapore Investment Corporation
Developer of advanced aerogel insulation products
$148M
RockPort Capital Partners, Lehman Brothers, ATEL Ventures, Taijin Corporation, Tae Kwang New Tec, Reservoir Capital, BASF Venture Capital, Fidelity Investments
2014 Cleantech IPOs
Description Market Cap Pre-IPO Investors Company
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