Claremont Creek Ventures Projects Continued Growth of Corporate Venture Capital
Investment Given Recent Portfolio Acquisitions and
8 out of 10 Recent Investments by Claremont Creek Ventures Include
Corporate Partner in Financing Syndicate
OAKLAND, CA -- (Marketwired) -- 07/11/13 -- The recent acquisition
in early July of ecoATM by Outerwall (NASDAQ: OUTR), coupled with
Duke Energy's participation last month in a $42 million venture
funding round for Clean Power Finance (CPF), Google Ventures
participation in the $37M investment in CPF in April 2013, and the
$16 million funding in January 2013 of Alphabet Energy by Canadian
energy giant Encana Corp. all demonstrate that corporate venture
capital energy tech funding is continuing to grow substantially.
"Corporates are looking hard at our portfolio companies and know good
opportunities when they see them," said Randy Hawks, a Claremont
Creek Ventures co-founder and Managing Director. "These corporates
are investing alongside us in many of our energy-tech companies and
have been for a couple of years now. We are seeing even more interest
though in the last 12 months," added Hawks, a seed and early stage
Corporate venture capital investing has focused specifically on clean
tech startups as the sector stages a significant rebound.
Transportation and energy companies such as General Motors, BMW and
Shell have been among 182 companies creating or re-launching venture
capital units in the last three years, bringing the total number of
U.S. corporate venture arms to a robust 900. They invested $2.2
billion in 2012 and in 2011, an increase from $1.9 billion in 2010
and $1.3 billion in 2009, according to the National Venture Capital
In 2012, more than 20 percent of energy venture investments involved
a corporate partner, compared to 15 percent across all venture
The newfound prevalence of corporate venture capital investment in
clean technology has been especially obvious at Claremont Creek
Ventures, a seed and early stage venture capital firm, where eight of
the firm's past ten energy technology investments have included a
corporate partner in the financing syndicate.
Corporations embrace startup investments because they offer a chance
to be a major player in new or expanded markets, while startups often
welcome corporation investments as a validation of their technology
and for access to enhanced marketing and channel relationships.
Sometimes, a corporate venture capital investment leads to an
outright acquisition, which occurred in the case of Outerwall and
ecoATM and looks to be a particularly strong win-win proposition.
Outerwall (formerly called Coinstar) had previously invested in two
venture capital rounds in ecoATM alongside Claremont Creek Ventures
who had invested in ecoATM since it was incubated in San Diego,
"We expect this corporate investing trend to continue given the
success we are seeing in companies like ecoATM, Alphabet Energy and
Clean Power Finance. It bodes extremely well for the ongoing growth
of the energy technology sector," said Randy Hawks.
About Claremont Creek Ventures
Claremont Creek Ventures (CCV) is a seed and early stage venture
firm. The firm focuses on information technology (IT) driven
opportunities where it has deep domain expertise such as digital
healthcare, energy technology, payments/commerce, and online
businesses. CCV builds successful companies today by staying lean,
using capital efficiently, and developing great teams. Utilizing the
firm's proprietary life-cycle venturing program, CCV partners with
entrepreneurs and institutions, including UC Berkeley, Lawrence
Livermore Labs, Stanford University and UC Davis. Claremont Creek
Ventures has more than $300 million in capital under management in
two funds. For more information, visit www.claremontcreek.com.
FOR MORE INFORMATION CONTACT:
Claremont Creek Ventures
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