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Global Venture Capital Financing Jumps to $ 1.3 Billion From January to March 2021: Report

VC funding for smart grid companies increased 254% in the first quarter of 2021. (Representative image)

New Delhi: Global Venture Capital Financing Energy storage, smart grids, and energy efficiency rose to $ 1.3 billion from January to March 2021, a whopping 410% year-over-year growth, according to a report released Friday.
According to the report by Marcom Capital GroupIn the above segment, a total of $ 252 million was raised during the same period in 2020.
The· venture capital (VC) financing (including private equity and corporate venture capital) raised by battery storage companies in the first quarter of 2021 or the quarter from January to March was 1 in 6 transactions in the first quarter of 2020 It was $ 964 million, compared to $ 994 million in 13 transactions.
According to the report, 33 VC investors participated in battery storage financing during the quarter.
VC funding for smart grid companies increased 254% in the first quarter of 2021 to $ 287 million in 10 transactions. In contrast, seven transactions a year ago were $ 81 million. Twenty-eight investors have participated in a smart grid VC funding round, he added.
During the quarter under consideration, there was a single participation in the Energy Efficiency VC Financing Round. Financing for this segment was $ 5 million, down from $ 7 million raised in three transactions in the year-ago quarter.
Mercom Capital Group is a global communications, research and consulting firm focused on clean tech.
It provides market intelligence, financing, M & A (M & A) reports, covering battery storage, smart grids and energy efficiency, and solar. It also advises companies on new market entry, custom market intelligence, and strategic decision making.

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Global Venture Capital Financing Jumps to $ 1.3 Billion From January to March 2021: Report

Source link Global Venture Capital Financing Jumps to $ 1.3 Billion From January to March 2021: Report

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