Mass. ‘clean-tech’ firms see $98M in 3Q investments

SAN FRANCISCO – Cleantech Group, a market research and consulting company, said that venture investment in Massachusetts “clean-technology” companies totaled $98 million in the third quarter of 2013. More

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Mass. ‘clean-tech’ firms see $98M in 3Q investments

Posted 10/21/13

SAN FRANCISCO – Cleantech Group, a market research and consulting company, said that venture investment in Massachusetts “clean-technology” companies totaled $98 million in the third quarter of 2013.

According to the company, that amount brings the total year-to-date investment in Massachusetts clean-tech companies to $278 million.

According to Cleantech Group, Massachusetts’ top deals in the third quarter included:

• Joule, a biofuels and biochemicals company, raising $50 million from flagship Ventures in a growth-equity round.

• Rive Technology, an advanced materials company, raising $20 million from Saudi Aramco Energy Ventures, Mitsui Global Investment, Blackstone Group, Charles River Ventures, Advanced Technology Ventures and Nth Power in a growth-equity round.

• Lucidity Lights, an energy-efficiency company, raised $8.4 million in a Series A round. •

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