Cleantech living: Energy angels on track to boost NW investments
By Andy Giegerich
Sustainable Business Oregon editor
Ryno Motors is one of 10 companies that received money from Northwest Energy Angels during the first half of 2013.
The Northwest Energy Angels group revealed it is on pace to spend 33 percent this year on cleantech startups than it spent last year.
The investors have poured more than $1.8 million into 10 companies during the first half of the year, which is two-thirds of the full total invested in 2012 not counting institutional investments.
Northwest Energy Angels spends $200,000 on average with each company. It revealed the results last week at its Summer Showcase events.
Cleantech companies are starting to command more attention from investors. Early-stage cleantech companies collected 47 percent of all venture deals during 2013’s first quarter, according to the Cleantech Group’s Quarterly Investment Monitor.
NWEA consists of 60-plus accredited angel investors from across the Pacific Northwest. Since 2006, the group’s members have invested more than $12 million in 41 companies.
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