Significant Decrease in Smart Grid VC Funding for Q1 2011
Smart Grid Off to a Slow Start with Only $76 million in Q1 2011 VC Funding Compared to $188 Million in Q4 2010
April 11, 2011
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VC funding in the Smart Grid sector decreased significantly in Q1 2011 with $76 million raised in 13 deals. In comparison, VC funding in Q4 of 2010 was $188 million in 18 deals. “After a 2010 banner year for Smart Grid, it remains to be seen if the first quarter of 2011 was an anomaly or a trend,” commented Raj Prabhu, Managing Partner at Mercom Capital Group. The first quarter of last year (2010) also started slow with only $89 million raised by VCs, then picked up significantly in later quarters.
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Utsav Sinha
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