Environmental Services Breathing in Fresh VC Capital
June 27, 2013
We all like to breathe fresh air. We like to walk through clean streets, to have our garbage picked up weekly and to have “someone” manage our pollution. There are many companies that make this all possible, and there are even companies that turn the bad stuff (pollution) into good stuff (energy, consumer products, etc.). Thankfully, VC investors realize the importance of such companies, having completed 204 U.S.-based deals in the environmental services industry since the beginning of 2005, according to the PitchBook Platform.
During that timeframe, the year with the most activity, in terms of capital invested in the space, was 2011, accounting for $322 million invested across 30 financings. All in all, the environmental services space has seen over $1.6 billion invested into it since 2005.
The single largest deal during that span? Skyonic's—a company that converts carbon emissions into green chemicals and byproducts—which just this week landed an enormous $128 million Series C round of financing. Thanks to that deal, the current year (with $253 million invested to date) is already nearing 2011’s high mark.