Résumé : The impact of venture capital (VC) investment on innovation and technology commercialization as well as the influence of market capacity on venture capital firm decision-making has been extensively covered by the existing literature. However, the interdependency between investment that drives technology and investment that drives market capacity has received relatively little attention. Whereas literature suggests that VC investment in technology companies strengthens technology and/or manufacturing efficiency, asset finance investment drives capacity growth and volume in certain technology sectors. We examine interdependencies in investment in technology and capacity by analyzing the relationship between VC investment in solar technology firms and asset finance investment in solar power infrastructure capacity in the US. We find that investment in solar technology drives investment in solar capacity; however, we find no evidence that market growth caused by solar capacity investment induced follow-on investment by solar technology venture capitalists in the US.