by Meredith Somers
Oct 16, 2019
Clean Energy Venture Group has invested in 39 companies since its start in 2005, and those companies have earned more than $500 million in follow-on investments from large venture capital firms and major energy companies. It counts businesses like energy software company MyEnergy — which was acquired by Nest (now part of Google) in 2013 — in its portfolio.
Not bad for an investment group that joined a high-risk industry just before the 2007-2009 recession — more than 90% of clean tech companies funded after 2007 failed to return initial capital.
The private investment group, with offices in Boston and New York City, invests in early stage clean energy startups. . . Full article
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