The Daily Startup: Clean-Tech Funds Keeping It In The Family

The Daily Startup: Clean-Tech Funds Keeping It In The Family

Clean-technology investing is on the decline. Venture capital firms put just $2.74 billion into clean-tech startups in 2013, down from a high of $6.02 billion in 2008, according to Dow Jones VentureSource. A few recent glimmers of hope haven’t caused traditional VC funds to flood back into the sector yet, but family offices have filled the void to some degree.

The latest is Prelude Ventures, which has emerged in recent months as one of the more active clean-tech investors, Yuliya Chernova reports for VentureWire.

Swagbucks, an online reward service, has raised $60 million in funding from Technology Crossover Ventures and announced that former Fandango CEO Chuck Davis is its new CEO.

Read the full article here. 

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