Global venture funding for climate tech startups fell for the third consecutive quarter, Ben writes.
Why it matters: Pitchbook’s Q1 2023 data “sends a concerning signal to an industry critical to developing technologies for the energy transition,” the VC research and analysis service notes.
Yes, but: The write-up of the data cautions against getting too freaked out.
“There’s a lot of momentum still in climate tech, and you have the tailwinds of industrial policy, like the [Inflation Reduction Act],” Better Ventures partner Wes Selle tells PitchBook.
Leave A Comment