๐บ๐ฌ๐ปโ๐ ๐ฎ๐๐ ๐ฐ๐๐ ๐ฌ๐๐๐ ๐ท๐๐๐๐๐
๐: Climatetech's staying hot in a cooling market
๐บ๐๐๐๐๐๐โitโs not just #solar thatโs hot in climate tech โ๏ธ
Climate tech VC funding hit a record high of $76B in 2021. Though 2023โs $50B didnโt reach that peak, it still outshined pre-2021 numbers.
- Over the last decade, thereโs been a 12.5x increase in funding.
- Despite a 30% dip in overall climate tech VC funding, its share of the total VC pie grew from 14% to 16%.
๐ป๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐?
Even when markets tighten, climate tech remains a must-watch, with VCs being more interested that ever before
๐พ๐๐๐๐โ๐ ๐๐๐ ๐ด๐๐๐๐ ๐ฎ๐๐๐๐?
๐ธ Transportation: Dominated 2023 climate tech funding with $18.6B, which is 50% more than energy sector investments.
๐ EV Batteries: The second top-funded segment in 2023, surpassing other prominent verticals like Urban Tech and Circular Economy.
๐Hydrogen: Startups in this space registered a staggering 111% growth in the last 24 months.
๐ฑRegenerative Agriculture: The fastest-growing segment over the last year, boasting 101%+ growth to $500M.
๐จ Wind Energy & Direct Air Capture: Both segments have shown strong growth in recent years, further cementing their importance in the climate tech ecosystem.
๐๐ก๐ ๐๐ข๐ ๐๐ข๐๐ญ๐ฎ๐ซ๐: #EnergyTransition
Energy transition investments skyrocketed to a new all-time high of $1.8 trillion in 2023, up 17% from the previous year.
- Clean investments are outpacing fossil fuels by 80%.
- The climate tech ecosystemโs value has surged by 45x in a decadeโmomentum thatโs not slowing down.
And, we're here for it.
But hereโs the kicker: to stay on track for net zero, we need a 170% surge in funding.
With the climate tech boom making waves, where would you bet your next $1M? Drop your bold picks below!
Dive into the full Dealroom.co deep dive for more #ClimateTech insights ๐
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