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Monthly round-up | Despite an 11% MoM increase in total funding, Europe dipped 40% while the US saw a 65% rise in February 2023

As we progress further into 2023, February sees another moderate month in Climate tech funding, lower than most months in 2022. A total of $4.1B was raised across 122 deals in Climate tech in Europe and North America.


February’s climate tech funding round-up

Following the trend, the US leads with $2.8B in investments, accounting for two-thirds of all investment, followed by the United Kingdom and Canada. Interestingly, despite an 11% increase in total funding compared to last month, funding in Europe decreased by 40% while the US saw a 65% increase.

The challenge area where most investment were allocated was Energy, attracting a whopping $3B, followed by Circular Economy and Transport. The introduction of Circular Economy to the top is majorly due to the mega round of $2B raised by Redwood Materials. 

While funding activity is consolidating, exit activity in the Climate tech space is heating up. 14 exits were recorded in the month of February alone, indicating a positive outlook for the Climate tech ecosystem.

Using data from the Net0 Platform, our analysts curated a 15-slide deck including infographics and charts that sum up February’s investment landscape.


Download February’s round-up report to access:

  • Executive summary
  • MoM funding
  • Funding by region
  • Funding by deal size
  • Top 10 funding rounds
  • Exits
  • Funding by financing type
  • Funding by top countries and cities
  • Funding by climate change challenge area
  • Funding by solution and sector



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By covering exclusively startups and scaleups developing solutions contributing to the climate crisis, the Net0 Platform is probably the most comprehensive database of climate tech across Europe and North America.

Our platform covers over 40K organisations, 30k funding rounds, 180k business contact details, patents applications, impact metrics and much more, making it the perfect tool to keep track of the latest financial and technological trends in the space.

Sign up for a 30-min demo and get full access to the Net0 Platform, the largest market intelligence platform within climate technology.


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