A 13% funding increase in climate tech during July’23 compared to last month, despite the overall downward trend observed during the last quarters as analysed in our Q2’23 report, signals optimism about a possible upward trajectory.
July’s climate tech funding round-up.
This month wrapped up with more than $5.5B in climate tech funding across 259 deals and 549 investors participating. A 13% increase in funding over the last month signals optimism, but still a long way before reaching pre-downturn levels. More than 60% of the deals were under $10M, while mega-rounds (100M+) formed the largest chunk of investment, totalling $3.2B. The United Kingdom attracted the most funding, accounting for $1.1B followed by the United States and China. Climate tech funding surged across Asia (+240% MoM) and Europe (+35% MoM), while it plunged in the United States (-56% MoM). As almost always, the energy sector accumulated the most investment, raising a total of $3.5B during the month. What is interesting is that Industry accounted for a significant share of funding, with 31 deals, and a significantly higher average ticket size across other climate tech challenge areas.
Check out the complete report for interesting insights from the deals that happened in low-carbon concrete, and carbon auditing and find a curated list of July’s hottest rounds from AI-assisted decision-making in agriculture to mega-rounds in mobility. Also at the end of the report check out interesting deals that talk about the largest debt raise for a privately-owned charge point operator, and a DAC technology that produces water.
Using the data from the Net0 Platform, our analysts have curated a 13-slide deck with infographics and charts to provide a deeper insight into July’s investment landscape.
Download July’s Climate Tech Round-Up Report to get:
- MoM funding information
- Funding by deal size
- July’s hottest funding rounds across stages
- Funding activity across Europe, the United States and Asia
- Funding by country
- Funding by climate change challenge areas
- Update on funding activity in “Low Carbon Cement”
- Update on funding activity in “Carbon Auditing”
- Insights from interesting deals throughout the month.
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