TLDR:
- Climate Brick launched by European VCs and startups to fast-track green tech investment
- Report identifies seven key company profiles in climate tech and offers roadmap for scaling
More than 50 European venture capitalists and startups have come together to establish Climate Brick, a new community aimed at accelerating investment in green technologies. Launched in collaboration with EQT Ventures and Contrarian Ventures, Climate Brick also released a comprehensive climate tech study featuring insights from 100 climate experts and 3,000 companies, providing a guide for startups in the field looking to scale. The initiative identifies seven key company profiles within the climate tech sector, offering unique risk profiles, capital stack suggestions, and scaling strategies for each.
Contrarian Ventures partner Rokas Peciulaitis remarked on the importance of having a common playbook for climate tech, which Climate Brick now provides. The Climate Brick report aims to unite the community, improve capital allocation, and strengthen stakeholder involvement to drive impact at scale. With the global need to mobilize significant funding for climate tech, the initiative comes at a crucial time as European climate tech startups raised over $20 billion last year, accounting for 43% of all global climate tech VC funding. Moving forward, Climate Brick seeks to leverage this momentum to accelerate the scaling of climate tech companies and achieve long-term impact.
