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
- 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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