Wednesday, 17 December 2014
Last updated 6 hours ago
Feb 2 2009 | 8:58am ET
Silicon Valley venture capital firm VantagePoint Venture Partners will invest over $1 billion in green startups in the next 24 to 30 months, Reuters reports.
VantagePoint Managing Partner Alan Partner spoke to the news agency on Saturday at the World Economic Forum meeting in Davos, Switzerland.
“We are aggressively and actively investing,” said Salzman. “We’ll probably back 10 to 15 companies over the course of 2009.”
VantagePoint has already put money into a number of startups, including Better Place, a producer of electric car charging stations; Tesla, an electric car maker; and BrightSource energy, a solar thermal energy company.
Despite a 71% fourth quarter decline in venture capital funding, Salzman says his company is “well funded.”
The VantagePoint executive underlined the large capital requirements of green energy companies, as opposed to technology or healthcare businesses. He estimates there will be less than $10 billion in venture capital available over the next 24 months for cleantech projects, calling the sector “woefully underrepresented,” given its growth potential.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.