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The Future of Climate Tech 2024
Key takeaways
The risks of climate change are becoming increasingly clear, and the appetite for technological solutions continues to grow. As a result, the innovators leading the way to a net-zero future have the wind at their backs even amid a decline in overall venture capital investment. Our latest report explores the opportunities available in this optimistic but complex landscape. Here are three takeaways:
$11B
In US VC fundraising closed in the last 4 quarters
Climate tech VC fundraising has held up well, settling at a historically high level.
14%
Decline in deal activity since 2021
Compared to the 24% decline in overall US VC deal activity, climate tech remains resilient.
60%
Of climate tech companies with less than 12 months of cash runway
Cash continued to fall for climate tech startups in 2023.