SFCED | San Francisco Center for Economic Development

Q2 Venture Capital Funding Pours into Software While Cleantech Slumps

Venture capitalists invested $6.7 billion in 913 deals in Q2, a 12 percent increase over Q1’s $6 billion.

The software sector beat $2 billion in total investment received for the fifth consecutive quarter. San Francisco-based Lyft, the techie ridesharing company known by the iconic pink mustaches attached to the grills of its drivers cars, raised the largest round of any software company in the quarter nationwide, pulling in $60 million.

The quarter marked a 6 percent decline in funding for the cleantech sector, which includes alternative energy, pollution-abatement and recycling technologies and power supplies. Venture capitalists put just $364 million into cleantech, the lowest quarterly total on record since Q4 2006, before cleantech was really a thing.

Read more: San Francisco Business Times Q2 venture capital funding pours into software while cleantech slumps