State of Climate Tech Report Q2 2024
Net Zero Insights’ quarterly State of Climate Tech Report and analysis on global funding and deal activity in the private market venture space in 2024
10 July 2024
2024 Climate Tech Funding Set to Surpass 2023 Levels, Driven by Large Debt-backed Rounds, Amidst Declining Deal Activity.
A new report released today from Net Zero Insights analyzes the current state of 2024 climate tech investment by innovation framework, deal stage, and capital stack.
LISBON/PORTLAND, Ore. – July 10, 2024 – Today Net Zero Insights, the leading market intelligence platform for climate tech, supported by Alder & Co., a purpose-driven climate tech marketing agency, released its quarterly State of Climate Tech report. The report includes analysis on global climate tech funding and deal activity in the private market and venture space. Key findings include:
Optimistic Funding Outlook in an Increasingly Mature Market
“Funding trends in the first half of 2024 suggest a promising year ahead for climate tech, with substantial investments flowing into scalable, physical solutions,” said Federico Cristoforoni, Co-Founder, Net Zero Insights. “While deal activity has declined, the focus remains on supporting innovations that drive more short-term environmental impact.”
For more information, read the full report here.
About Net Zero Insights
Net Zero Insights is the leading data and research platform for Climate Tech. The Net0 Platform provides access to thousands of startups/SMEs, deals, and investors allowing users to spot new innovations, trends and deals in the rapidly evolving world of climate technology. Investors, corporations, researchers and business developers use the platform to identify new startups and keep track of emerging trends and opportunities. Find out more: netzeroinsights.com
About Alder & Co
Alder & Co. is a leading, global strategic brand marketing agency with the mission to drive the adoption of climate technologies until they become universal. Alder partners with forward-facing, innovative climate tech companies that need progressive brand & marketing strategies to drive growth, secure investment, and make the impact needed to address our generation’s most urgent crisis – our environment. Find out more: alderagency.com
Media Contact
Whitney McGoram: whitney@alderagency.com
Climate tech funding in 2024 is on track to exceed 2023 levels, driven by large debt-structured giga-rounds rounds seen in Q1. These rounds highlight a concerted effort to support the development and commercialization of improved physical solutions. Despite a decline in overall deal activity, the robust investment in these companies reflects a strategic focus on long-term sustainability and innovation within the sector.
Despite not matching its Q1 2024 debt volume, Europe’s substantial climate tech funding and investor participation in Q2 2024 solidify its pivotal role in driving global climate tech innovation. This underscores Europe’s continued prominence and influence in shaping the future of sustainable technology at a global scale.
Equity investors continue to play “wait and see”, due to regulatory uncertainties economic instability, and speculations on election results in key regions. This strategic stance reflects their vigilance in assessing potential risks and opportunities amidst evolving market dynamics. Investors are keenly observing regulatory shifts and economic indicators, weighing their impact on investment decisions in a climate of ongoing change and adaptation.
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