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Rounding up July’23 with $5.5B in climate tech funding


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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