TLDR:
- Climate tech investment reached $11.3 billion in the first half of 2024, dropping by 20% compared to 2023.
- Visionaries Tomorrow, a European climate tech fund, is focusing on industrial decarbonization.
In the world of climate tech investment, the first half of 2024 saw a drop in investment compared to the previous year, with $11.3 billion invested. However, this decline reflects broader market trends of caution among investors. Despite this, the climate tech sector is gaining in investment market share, with more investors, talent, and founders entering the space to combat climate change. New climate-focused investment firms are emerging to support portfolio companies and accelerate innovation momentum. One such firm, Visionaries Tomorrow, formed a European climate tech fund to target industrial decarbonization challenges. The fund is backed by unicorn founders and influential industrial families, who not only invest but also provide connections to big-industry clients for rapid growth.
The fund, consisting of Visionaries Club, focuses on startups solving core industrial tech decarbonization problems. They invest in very early stages, supporting mission-driven founders with global market potential. The fund’s portfolio includes companies working on technologies like nuclear fusion, all-electric aircraft, materials intelligence platforms, grid-scale energy storage, and green ammonia production.
The space for climate tech investment is seeing an influx of capital and talent, with opportunities for impactful technologies to drive positive change in the fight against climate change. While challenges lie ahead in the transition to clean alternatives, the promise of innovation and the potential for significant impact drive the mission of Visionaries Tomorrow and other climate-focused investors.
