| Font Size |
Early rounds of disclosed funding accounted for 16 of the 50 deals in 2011. “Venture capital funding in smart grid was anaemic at best in 2011. Even though the number of transactions were about the same as last year, the average deal size dropped by half,” said Raj Prabhu, managing partner at Mercom Capital Group. “Interestingly, the number of VC investors increased to 92 from 87 in 2010, pointing to continued investor interest but lower risk appetite.
Strong M&A activity was driven by power giants like Siemens, Schneider Electric, ABB and GE.
Top VC deals in 2011 were iControl Networks, a broadband home management company ($51.6 million), and several in the smart grid and energy management space: SmartSynch ($25.7 million), Silver Spring Networks ($24 million), Gridpoint ($23.6 million), and JouleX, ($17 million).
Discuss this story on expressindia forums
|
|