By Boston Business Journal

Massachusetts cleantech companies saw $124 million in venture capital investment in the second quarter, according to data released Thursday by the Cleantech Group and Deloitte.

The state saw 8 percent of all cleantech VC funding in North America during the quarter, according to the data. Only California saw more funding, but the difference was substantial: the state saw 67 percent of the North American funding, with $980 million in VC for cleantech companies.

Among the deals announced in Massachusetts during the second quarter were a $60 million Series E round for Boston-Power Inc., a Westborough, Mass.-based lithium ion battery maker.

Overall, venture capital investment in the North American cleantech industry was down 11 percent in the second quarter from the first quarter, according to the data.

North American cleantech companies raised $1.46 billion in 76 disclosed rounds of venture funding, according to the data. The VC funding for cleantech was up 47 percent compared to the second quarter of 2009.

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Copyright 2010