In recent years, awareness of the climate change has increased around the world. Environmental issues have been taking into consideration, both by individuals and companies. Therefore the demands for new environmental friendly technology have increased, also known as cleantech. To further establish and develop cleantech it requires capital. Venture capitalists have as well seen the potential. To increase the number of Venture capital investments in cleantech, it is important the investments generate good returns. Venture capitalists obtain their returns when they exit an investment. The purpose of this essay is to describe the exit strategy Venture capitalists prefer, as well the relationship between exit strategy and the investment strategy for the Venture capitalist investing in the cleantech sector. The different type of exits we have studied are IPOs, trade sale and secondary sale. We identified investment strategies from existing theory which are linked to the Venture capitalist exit strategies. The investment strategies that we have identified for our study are value added activities, control, syndication, industry specialization, industry diversification, stage and geographical location. We used a quantitative analyze method for answering our thesis purpose and issue. We analyzed the relationship between Venture capitalists investment strategy and their preferred choice of exit in cleantech, based on our collected data. The results from the analysis indicated that Venture capitalist prefer a trade sale before IPOs and secondary sale in cleantech. We have also defined that venture capitalist that prefer an IPO do not prefer to invest in a specific geographical region in Sweden, but in opposite they do prefer to use control when their aim is to exit through an IPO in cleantech.