In 2021, climate tech startups raised ~$40b across 600+ venture deals, whereas in the first half of 2022, climate tech startups raised around $19 billion across 500 venture deals. Around 1,400 investors worldwide are interested in the next generation of climate change-related startups. According to the report from Climate Tech VC, entrepreneurs in the domains of mobility and energy are regularly raising the most investment, with outstanding food and water technology following in third place. Now there are 47 Climate Tech Unicorns as of 29 July 2022, valued at a total of $131 billion or more and having raised more than $46 billion in capital worldwide.
(Image Source: Climate Tech VC)
Here Are the Recent ClimateTech Unicorns since December 2021:
Turntide Technologies: Turntide specializes in developing sustainable technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport, boosting bottom lines and accelerating a global path to 100% renewable energy.
Arcadia: Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea—everyone deserves access to clean energy. Arcadia breaks the fossil fuel monopoly by creating unprecedented access to energy data and renewable energy sources through its technology platform, Arc, and its community solar program.
UPSIDE Foods: UPSIDE Foods (formerly known as Memphis Meats) develops meat produced directly from animal cells without the need to raise and slaughter actual animals. This approach requires significantly less water, land, and energy than conventional meat production, enabling consumers to enjoy meat that is clean, humane, and free of harmful chemicals.
Watershed: Watershed is on a mission to bend the climate curve. It helps companies like Stripe, Spotify, Klarna, and Airbnb measure, reduce, and report their carbon emissions with real-time, audit-grade emissions data to power business value creation, regulatory compliance, and global climate impact.
Commonwealth Fusion: Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy.
VOI Technology: VOI Technology aims to create a system of electrically powered scooters around urban centers to provide an affordable, sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities have a more sustainable transportation network.
January 27, 2023
January 25, 2023