The future for Clean Tech companies is looking bleak as they are finding it more difficult to find investors. Multiple sources report a decline in funding money for GreenTechnology initiatives. The news of closing of CrossLink Capital Fund of $200 million (for energy and information technology sector), however, brings a streak of hope to the industry. CrossLink took some time to raise the fund, beginning its efforts in the second quarter of 2009.  The fund, according to an interview by The Wall Street Journal, quotes CrossLink general partner Jim Feuille at its faster raise than many competitors.

The article further quotes Feuille on the new fund, which is “slightly smaller than Crosslink’s two previous venture funds, which came in at or above $225 million each. Feuille said Crosslink targeted between $150 million to $250 million for the new fund and was pleased with its ultimate size, noting that many rivals have only been able to raise half the size of their previous funds since the financial crisis.”

There is no shortage of ideas. From hybrid cars like the Fisker plug-in Karma to green energy production and energy conservation initiatives. But the real issue is can these ideas materialize to be profitable concerns. In some cases the technology (example algae fuel) needs time and research to mature to be a usable product. In other cases like that of Emcore (manufacturer of semiconductor solar cells and currently facing threat of being de-listed from NASDAQ) a sound financial plan is needed.

On the contrary, Tech investments seem to be going up in general, though, there has been some recent drama with talk of another bubble about to burst. Here is some insight from John Furrier (Founder, CEO, and Editor-in-Chief of SiliconAngle.com) on the new trends in Angel Investment and Venture Capital in Silicon Valley.