TLDR:
- Climate tech funding declined in Q2 2024, with fewer large deals and no new unicorns.
- Top venture capital climate companies like SOSV, Global Brain, Lowercarbon Capital, and Breakthrough Energy Ventures are investing in innovative technologies to shape the future of climate solutions.
As climate change accelerates, venture capital climate companies are directing billions into technologies for a sustainable future. Despite a significant decline in climate tech funding in Q2 2024, the number of deals slightly rebounded, with investors favoring smaller mid- and late-stage deals. The absence of new unicorns in the sector highlights the caution among investors.
SOSV, a global venture capital firm, is known for investing in early-stage deep tech startups focused on human and planetary health. The firm’s commitment to environmental sustainability has led it to back companies working on reducing carbon emissions and addressing climate change. Notably, SOSV created the “Climate Tech 100” to highlight top climate-focused startups from its portfolio.
Global Brain, another leading venture capital firm, supports innovation worldwide, particularly in renewable energy and sustainable sourcing of critical minerals essential for the clean energy sector. The firm invests in startups focusing on renewable energy, energy efficiency, and environmental conservation.
Lowercarbon Capital focuses on accelerating the transition to a low-carbon economy by investing in technologies that address the climate crisis and reduce global carbon emissions. The firm’s portfolio includes breakthrough climate technologies with the potential to significantly reduce emissions across various industries.
Breakthrough Energy Ventures, founded by Bill Gates, is at the forefront of funding technologies aimed at reducing global carbon emissions. The firm’s investment arm has funded over 60 high-impact startups working on scalable climate solutions.
Overall, these venture capital climate companies continue to invest in innovative technologies with the potential to shape the future of climate solutions and drive progress towards a low-carbon economy through strategic investments and global partnerships.