Clean Technology Lifts Venture Funding to Highest in Two Years

Venture capital funding in the second quarter jumped to the highest level in almost two years, as investors increased their bets on alternative energy and biotechnology.

Firms invested $6.52 billion in the U.S. during the period, a 53 percent increase from a year earlier and the most since the third quarter of 2008, the National Venture Capital Association and PricewaterhouseCoopers LLC said today in a report. The number of deals rose 29 percent to 906.

Full Story: http://www.businessweek.com/news/2010-07-16/clean-technology-lifts-venture-funding-to-highest-in-two-years.html